Sirius XM Holdings Inc. (SIRI) announced earnings for its fourth quarter that increased from the same period last year and beat the

The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share. The satellite radio company posted revenue of $2.19 billion in the period, which also beat Street forecasts.

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Sirius XM's profit rose in the fourth quarter as the media company shrunk its operating expenses and added new self-pay subscribers. The N.Y.-based satellite radio and audio-streaming company posted net income of $287 million,

Sirius XM (SIRI) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.90 per share a year ago. These figures are adjusted for non-recurring items.