XM Improving?

From today’s Post:

    XM Satellite Radio Holdings Inc. said yesterday that its losses narrowed for the third quarter as it remained on track to take in more cash than it spends in the fourth quarter.

    The company’s shares rose 16 percent after the District-based satellite radio provider said its loss shrank, to $83.8 million (32 cents a share) from $131.9 million (60 cents) in the comparable period a year earlier. Revenue rose 57 percent, to $240.4 million, beating the $235.2 million average estimate of analysts.

More here.