How Pandora Media Inc. Shares Soared 63.5% Higher in the First Half of 2018 [The Motley Fool]
PANDORA MEDIA (P)
Last pandora media earnings: 7/31 04:01 pm
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Source: The Motley Fool
A solid first-quarter report was music to the ears of success-starved shareholders. Anders Bylund ( TMFZahrim ) Jul 9, 2018 at 3:38PM What happened Shares of Pandora Media ( NYSE:P ) rose 63.5% in the first half of 2018, according to data from S&P Global Market Intelligence . The provider of music-streaming services based on deep analysis of your musical preferences can attribute most of this gain to a fantastic first-quarter report. So what Pandora's first-quarter revenue increased 1% year over year to land at $319 million. On the bottom line, adjusted net losses were nearly cut in half to land at $0.27 per share. The analyst consensus had been pointing to a 4% revenue drop and net losses in the neighborhood of $0.38 per share. Share prices soared as much as 21% higher the next day and Pandora's stock simply never looked back after this
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