{"id":3488,"date":"2013-08-23T07:29:29","date_gmt":"2013-08-23T07:29:29","guid":{"rendered":"http:\/\/skylight.gr\/administrator_wordpress\/index.php\/2013\/08\/23\/pandora-beats-earnings-estimates-but-shares-fall-on-outlook\/"},"modified":"2013-08-23T07:29:29","modified_gmt":"2013-08-23T07:29:29","slug":"pandora-beats-earnings-estimates-but-shares-fall-on-outlook","status":"publish","type":"post","link":"https:\/\/skylight.gr\/index.php\/2013\/08\/23\/pandora-beats-earnings-estimates-but-shares-fall-on-outlook\/","title":{"rendered":"Pandora Beats Earnings Estimates But Shares Fall on Outlook"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/a1.mzstatic.com\/us\/r1000\/033\/Purple4\/v4\/16\/38\/4e\/16384e69-3263-9d3f-484b-7c06488658ca\/mzl.qpnxgmrs.png\" border=\"0\" width=\"157\" height=\"157\" \/><br \/>Shares of Pandora Media were slipping in after-hours trading Thursday after the company reported better-than-expected quarterly earnings but offered disappointing guidance.  <!--more-->  <\/p>\n<p>The digital music service said it earned 4 cents per share on an adjusted basis while analysts expected only half that. Revenue rose 55 percent to $157.4 million, which also bested expectations.<\/p>\n<p>Revenue generated from advertising rose 44 percent year-over-year to $128.5 million. Revenue from subscriptions and other sources was $28.9 million, up from $11.9 million a year ago.<\/p>\n<p>Pandora, though, said it might only break even during the full year, while analysts were modeling a profit of about a nickel per share.<\/p>\n<p>Total listening hours grew 18 percent to 3.9 billion in the second fiscal quarter and CEO Joe Kennedy boasted of &#8220;strong momentum in our mobile business.&#8221;<\/p>\n<p>Shares of Pandora rose 1 percent on Thursday to $21.71, then dipped as much as 13 percent after the closing bell, though they recovered and were down only 3 percent as investors and analysts delved further into the company&#8217;s largely positive financial report.<\/p>\n<p>Source: Hollywood Reporter<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Pandora Media were slipping in after-hours trading Thursday after the company reported better-than-expected&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[23],"tags":[],"class_list":["post-3488","post","type-post","status-publish","format-standard","hentry","category-music-news"],"_links":{"self":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts\/3488","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/comments?post=3488"}],"version-history":[{"count":0,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts\/3488\/revisions"}],"wp:attachment":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/media?parent=3488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/categories?post=3488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/tags?post=3488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}