Why Pandora Media Inc. Stock Plunged Today [The Motley Fool]
PANDORA MEDIA (P)
Last pandora media earnings: 7/31 04:01 pm
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Source: The Motley Fool
Disappointing near-term guidance eclipsed a strong fourth quarter from the music-streaming leader. Here's what investors need to know. Steve Symington ( TMFSymington ) Feb 22, 2018 at 4:39PM What happened Shares of Pandora Media Inc. ( NYSE:P ) fell as much as 11.3% early Thursday, then partially recovered to trade down 7.5% as of 3 p.m. EST, after the music-streaming specialist's strong fourth-quarter results were overshadowed by light forward guidance. Pandora initially popped nearly 10% in yesterday's after-hours trading when the company announced its quarterly revenue had arrived at $395.3 million, above guidance for $365 million to $380 million. Pandora also delivered positive adjusted EBITDA of $5.8 million, well ahead of its outlook for an adjusted EBITDA loss of $5 million to $15 million. IMAGE SOURCE: PANDORA MEDIA. So
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