Pandora (P) Hit Following Weak Sirius (SIRI) Q4 Numbers
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Pandora Media (NYSE: P) is moving initially lower Thursday morning following light fourth-quarter earnings from peer Sirius XM (Nasdaq: SIRI). Shares are off about 2.7 percent.
Earlier, Sirius reported earnings of 1 cent per share on revenue of $783.7 million, versus consensus views calling for EPS of 1 cent and revs of $785.5 million. Sirius also reaffirmed fiscal 2012 sales and cash flow guidance.
Earlier, Sirius reported earnings of 1 cent per share on revenue of $783.7 million, versus consensus views calling for EPS of 1 cent and revs of $785.5 million. Sirius also reaffirmed fiscal 2012 sales and cash flow guidance.
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