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FBR Capital Downgrades Pandora (P) to Market Perform on Ad Shortfall and Higher Costs

Go back to FBR Capital Downgrades Pandora (P) to Market Perform on Ad Shortfall and Higher Costs

Pandora (P) Misses Q3 EPS by 1c, Q4 Revenue Guidance Falls Short

October 25, 2016 4:03 PM EDT

Pandora (NYSE: P) reported Q3 EPS of ($0.07), $0.01 worse than the analyst estimate of ($0.06). Revenue for the quarter came in at $351.9 million versus the consensus estimate of $366.33 million.

Listener Hours: Total listener hours grew 5% to 5.40 billion for the third quarter of 2016,... More