Bear Stearns maintained an "outperform" rating on Sirius Satellite Radio (nasdaq: SIRI - news - people ) after the satellite radio provider announced third-quarter net subscribers of 359,000, a 97% rise from the year-ago period
The company ended the quarter with more than 2.17 million subscribers, according to a Sirius release. Bear Stearns said as of Sept. 15, Sirius had 262,000 net added subscribers for the quarter, a daily run rate of 3,400, but accelerated the run rate to 6,500 in the back half of the month.
The company ended the quarter with more than 2.17 million subscribers, according to a Sirius release. Bear Stearns said as of Sept. 15, Sirius had 262,000 net added subscribers for the quarter, a daily run rate of 3,400, but accelerated the run rate to 6,500 in the back half of the month.
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