W3Schools

The Ratings Game: Pandora shares drop after weak guidance, but company’s turnaround is under way

Shares of internet radio and music streaming company Pandora Inc. soared more than 10% in after-hours trading on Wednesday following a fourth-quarter earnings report in which the company said revenue grew 7% year-over-year.

That was above Wall Street expectations, and though people spent fewer hours listening to P, -4.65% uring the quarter and despite a wider-than-expected loss, analysts seemed encouraged by the turnaround progress Pandora and its new Chief Executive, Roger Lynch, have shown.

Don’t miss:Pandora’s focus on adding subscribers is paying off, CEO says

Also see:Pandora stock gains as fourth-quarter revenue beats expectations

Investors were less inspired. Pandora shares were down nearly 10% in midday trade.

>>> Original Source <<<

Comentários