First Quarterly Results Posted By Pandora Being A Public Company
Pandora Media has published its third quarter revenues late yesterday. This is the firm’s initial quarterly revenues pronouncements after its first civic offering. This internet radio firm confirmed that it fluctuated to a yield of $638,000, or breakeven per stake, against to a loss of $1.7 million, or $0.15 per stake, in last year’s third quarter. Attuned retributions of $0.02 per stake beat forecaster outlooks for a loss. Revenue closely doubled up, intensifying to $75 million from $37.7 million the previous year, also gaining forecaster outlooks. Pandora estimates a loss of $0.02 to $0.04 per stake in the fourth quarter, not as good as what forecasters are expecting.
Excerpt:
“Pandora Media (P) reported third quarter earnings late yesterday, the company’s first quarterly earnings announcement since its initial public offering.”
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