Thursday, April 26, 2007

XM Satellite quarterly loss narrows

(Reuters) - The company posted a first-quarter loss attributable to common stockholders of $122 million, or 40 cents a share, compared with a loss of $149 million, or 60 cents a share, a year earlier.

XM said it added about 285,000 net new subscribers in the quarter, for a total of more than 7.9 million subscribers. First-quarter revenue rose 27 percent to $264 million.


Read more at Reuters.com Bonds News

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