2023-04-27 11:41:06 ET
Shares of satellite streaming music player Sirius XM (NASDAQ: SIRI) tumbled 7.5% through 10 a.m. ET Thursday after missing analyst estimates on both the top and bottom lines this morning -- only to pop back up and turn positive again by 11:30 a.m.
But should it have popped back up?
Heading into the first quarter of 2023, Wall Street had forecast Sirius would earn $0.07 per share on sales of just under $2.2 billion. As it turned out, Sirius earned $0.06 per share, on sales of just over $2.1 billion -- not big misses to be sure, but misses nonetheless.
For further details see:
Why SiriusXM Stock Dropped Then Popped Today