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UPDATE 1-Strong auto sales drive Sirius XM's better-than-expected revenue

2014-10-28 16:48:52| Auto Dealers - Topix.net

Satellite radio service Sirius XM Holdings Inc reported a better-than-expected 9.9 percent rise in quarterly revenue as strong U.S. auto sales drove a jump in paying subscribers, sending the company's shares up as much 3.3 percent premarket. Buyers of new cars fitted with Sirius receivers typically get free access for a few months, but then must pay to keep the service.

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