SiriusXM Jumped Today -- Is This Warren Buffett Stock a Buy?
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SiriusXM (NASDAQ: SIRI) stock jumped in Thursday's trading after the company published better-than-expected fourth-quarter results. The satellite radio specialist's share price closed out the daily session up 5.8% amid the backdrop of a 0.5% gain for the S&P 500 index and a 0.2% gain for the Nasdaq Composite index.Sirius published its Q4 results before the market opened this morning, and reported sales and earnings that beat Wall Street's estimates. The company posted earnings per share (EPS) of $0.83 on sales of $2.19 billion, topping the average analyst estimate's call for per-share earnings of $0.71 on revenue of $2.17 billion. Notably, Sirius XM is one of just a handful of stocks that has been purchased by Berkshire Hathaway. Should investors be following Berkshire CEO Warren Buffett's lead and snatching up shares of the satellite radio company?Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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Quelle: MotleyFool
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