Ford and Sirius XM released the earnings reports from their first fiscal quarters before opening bell this morning. Ford reported earnings of 23 cents per share, excluding items, on $33.9 billion in revenue. Analysts had been looking for earnings of 26 cents per share on $33.9 billion in revenue for the first quarter. In the same quarter a year ago, Ford’s earnings were 25 cents per share.

Sirius XM posted earnings of 2 cents per share on $1.08 billion in revenue, an 8% year over year increase. Analysts had been looking for 3 cents per share in earnings and $1.09 billion in revenue for the quarter.

Ford Motor Company, Sirius XM Holdings Inc. Miss Earnings Estimates

Key metrics from Ford’s earnings report

Ford reported pretax profits of $1.4 billion, a $24 million year over year increase. North America revenues were $20 billion, while operating margin for the region was 6.7%. In South America, Ford saw a negative operating margin of 12.5% and $1.5 billion in revenues. In Europe, Ford posted 6.9 billion in revenue and an operating margin of -2.7%.

The automaker’s Middle East and Africa division recorded $1.1 billion in revenue and an operating margin of 7.5%, while its Asia Pacific segment recorded $2.3 billion in revenue with a 4.5% operating margin. Ford Credit saw $483 million in pretax profits.

The automaker also reconfirmed its profit guidance of between $8.5 billion and $9.5 billion for the full year. Management also expects to improve the company’s operating margin in North America to between 8.5% and 9.5%. However, they cut their profit guidance for South America due to the “external environment.”

Key metrics from Sirius XM’s earnings report

Sirius XM recorded adjusted EBITDA of $399 million, a 19% increase from last year. The satellite radio provided reported 431,000 net new subscribers, a 61% yar over year increase. Self-pay net adds were 394,000, compared to 173,000 in the same quarter last year.

Management also upped guidance for both revenue and subscribers. They now expect to see about $4.7 billion in revenue and 1.4 million net subscriber additions.