Late on Monday, Seattle, Washington based Starbucks Corp. (NASDAQ: SBUX) announced that its fourth quarter profit fell 97% to $5.4 million, or 1 cent a share, from $158.5 million, or 21 cents per share in the corresponding quarter a year ago. Excluding one time charges, the coffeehouse chain earned 10 cents, below analyst estimates of 13 cents.  For the fiscal year 2008, Starbucks earned $315.5 million, or 43 cents per share, compared to $672.6 million, or 87 cents per share, in the same quarter in 2007. Revenue rose to $10.38 billion from $9.41 billion. In a statement Chief Executive Howard Schultz said "we appear to be more resilient than many other premium brands."Shares of the company fell over 2% in extended trading on Monday.

Sirius XM Radio Inc. (NASDQ: SIRI) posted wider than expected loss $4.88 billion, or $1.93 a share, compared with a loss of $119.6 million, or 8 cents a share in the same quarter. Excluding one time costs, the company would have lost 9 cents a share in the September quarter. Sales rose 16% to $613 million. Analysts on an average were looking for a loss of 9 cents a share on sales of $587 million. Chief Executive Mel Karmazin said on a conference call "we think the environment sucks. It is not like we're doing something wrong. It is that, unfortunately, we do not have a whole lot of control over what cars are getting sold. We do our best."

Chinese digital advertising company Focus Media Holding Ltd (NASDAQ: FMCN) posted a third quarter net profit of $51.3 million, or $0.38 per ADS, compared to $46.6 million, or $0.37 per ADS, in the previous year quarter. Total revenues climbed 63.7% to $224.8 million from $137.4 million in the third quarter of 2007.Analysts on average estimated earnings of $0.53 per ADS for the quarter on revenue of $231.71 million. In a statement, Chief Executive Tan Zhi "the macro headwind we are facing is the most severe in the modern history of the Chinese advertising industry." Shares of Focus Media plunged 23.56% in late trading.

Virgin Mobile USA Inc.(NYSE: VM) reported that its third quarter profit climbed to $4.1 million, or 7 cents per share, compared with a net loss of $7.4 million, or 29 cents per share, in the year ago period. Sales rose to $305 million from $301 million. Excluding one-time items, the company  would have earned 8 cents per share, higher than the analyst expectations of 4 cents per share on $314.5 million in revenue. Commenting on results, chief executive Dan Schulman said "I'm reasonably pleased with the third-quarter results. In just about every one of the key metrics we're seeing an improved trend and some nice growth from a year-over-year perspective." Shares of the wireless service provider rose 22.92% after hours trade.