Forbes.com has a video news story that claims that Sirius and XM could be having their earnings reports on Monday. They say their source is Lucas Binder of UBS, but I’m not sure where Lucas got that information. Neither company has announced when they will release their 4th quarter and full year financial numbers(even though it is generally around this time), but odds are they wouldn’t release them without notice, especially together.

The only way that either one of them will be releasing numbers on Monday is either because they are filing for bankruptcy, which is very unlikely due to the large amount of financing each can easily acquire, or the M-word, which would be a surprise joint announcement from both with their fourth quarter numbers. Neither of these options are very likely, so let’s file this rumor away for now. Usually when they announce earnings, they give at least a week’s notice of when it is happening.

Posted by BenDee on Saturday, February 10th, 2007 at 2:28 am.
Filed in Satellite Radio, XM, Stock, Sirius.
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