Cases
Sirius XM Holdings Inc. (SIRI)
Securities Class Action
Overview
Overview
- Date:
- 4/26/2019
- Company Name:
- Sirius XM Holdings Inc.
- Stock Symbol:
- SIRI
- Status:
- Closed/Complete
NEW YORK, April 26, 2019 – Bragar Eagel & Squire, P.C. is investigating potential claims against Sirius XM Holdings Inc. (NASDAQ: SIRI). Our investigation concerns whether Sirius has violated the federal securities laws and/or engaged in other unlawful business practices.
On April 24, 2019, Sirius reported first-quarter financial and operating results that fell short of analyst expectations, including net income of $162 million, or $0.03 per share, compared to $289 million, or $0.06 per share for the same period in the prior year. Sirius attributed the drop in quarterly earnings, in part, to approximately $76 million of acquisition and other costs related to its acquisition of Pandora Media, Inc. On this news, Sirius’ stock price fell sharply during intraday trading on April 24, 2019, damaging investors.
On this news, Sirius’ share price fell by more than 7%, closing at $5.71 on April 24, 2019.
If you purchased or otherwise acquired Sirius shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
On April 24, 2019, Sirius reported first-quarter financial and operating results that fell short of analyst expectations, including net income of $162 million, or $0.03 per share, compared to $289 million, or $0.06 per share for the same period in the prior year. Sirius attributed the drop in quarterly earnings, in part, to approximately $76 million of acquisition and other costs related to its acquisition of Pandora Media, Inc. On this news, Sirius’ stock price fell sharply during intraday trading on April 24, 2019, damaging investors.
On this news, Sirius’ share price fell by more than 7%, closing at $5.71 on April 24, 2019.
If you purchased or otherwise acquired Sirius shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.