Why Pandora Media Inc. Stock Popped Today [The Motley Fool]
PANDORA MEDIA (P)
Last pandora media earnings: 7/31 04:01 pm
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Source: The Motley Fool
The music-steaming company crushed expectations with its first-quarter report. Here's how. Steve Symington ( TMFSymington ) May 4, 2018 at 4:58PM What happened Shares of Pandora Media Inc. ( NYSE:P ) jumped 21.2% on Friday after the music-streaming specialist announced better-than-expected first-quarter 2018 results . More specifically, Pandora's revenue rose 1% year over year to $319.2 million, and it translated to an adjusted net loss of $68.6 million, or $0.27 per share. That might not sound encouraging at first, but Pandora's revenue arrived far above its own guidance for a range of $295 million to $305 million. And investors were anticipating a significantly wider adjusted net loss of $0.38 per share. IMAGE SOURCE: GETTY IMAGES. So what To be fair, Pandora's revenue would have climbed 12% had it not been for last year's sale of Ti
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