Pandora, the web's top radio service, isn't profitable yet, but it doesn't look like a firm in need of government handouts. The company's second-quarter earnings report showed significant revenue growth, even as its third-quarter forecast disappointed analysts.
The company reported adjusted earnings of 4 cents a share on revenue of $157.4 million, blowing past analyst expectations for the company's fiscal second quarter.
Where Pandora came fell short was its outlook for next quarter. Pandora predicts that Q3 earnings per share will come in somewhere between 3 cents and 6 cents per share on sales between $174 million and $179 million. Analysts had expected 8 cents a share on revenue of $170.7 million. Pandora narrowed the range of its...
via The Verge - All Posts http://www.theverge.com/2013/8/22/4618568/pandora-gets-closer-to-profitability-but-outlook-disappoints
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