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NEW YORK (AP) - Sirius Satellite Radio Inc. on Tuesday reported a narrower loss for its first quarter compared with the same period a year ago, when it recorded $225 million in expenses for stock paid to shock jock Howard Stern.
Net loss narrowed to $144.7 million or 10 cents per share versus $458.5 million or 33 cents per share in the same period a year ago, slightly better than the 11 cents per share that analysts were expecting.
Excluding the Stern payout and other stock-based compensation, the results came in at 8 cents per share versus 13 cents per share in the year-ago period.
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