The planet pandora Impresses Wall Street With First Earnings Report Since IPO

Internet radio company The planet pandora introduced quarterly earnings the very first time like a public company and it is outcome was adequate for traders to bid shares greater in after-hrs buying and selling.our editor recommendsPandora Announces Two New Board MembersPandora Impresses Wall Street With First Earnings Report Since IPO STORY: Spotify: As Media Goes Gaga Over Launch, The planet pandora Stock Falls The planet pandora stated Thursday it lost $1.8 million in the fiscal second quarter on revenue that increased 117 percent to $67 million, with $58 million originating from sales of advertising. "Marketers continue their adoption of Pandora's multi-platform ad solutions, leading to our sixth consecutive quarter of the year-over-year triple digit revenue growth," Boss Joe Kennedy stated. STORY: The planet pandora IPO: Exactly what the Experts Say Total listening hrs jumped 125 percent to at least one.8 billion, and The planet pandora stated it now claims 3.6 percent from the believed U.S. radio audience, up from 1.8 percent last year. The outcomes were an uncommon little bit of great news for traders, who observed the stock jump 63 percent your day Pandora's stock first showed in June at $16 a share, however viewed the cost be slashed in two, and worse, within the next couple of several weeks. On Thursday, the shares were up 3 % to $12.47 plus they rose another 4 % following the closing bell. Related Subjects