Some of Friday's midday movers:» Read More
The "fiscal cliff" is to blame for Pandora's lowered revenue guidance, not increasing competition, the company's CEO Joe Kennedy said on CNBC's "Squawk on the Street" on Wednesday.
"Even at the reduced revenue guidance for the current quarter, we're looking at just under fifty percent year-on-year growth in revenue," said Joseph Kennedy, President & CEO of Pandora Media, discussing how the fiscal cliff has impacted his company's earnings, with CNBC's Julia Boornstin.
Pandora's not dead, but, you either need to trade it or own it for another one to three years. TheStreet.com reports.
Futures were off their best levels Wednesday, but optimistic comments from China's new leader helped limit losses.
Here are Wednesday's morning movers.
Facebook To Be Added to Nasdaq 100, Big Lots Chief Probed by SEC, Netflix Scores Massive Disney Deal, Clerks Bring L.A. Port to a Halt, Pandora CEO Blames Advertiser Caution, Fiscal Cliff for Downbeat Guidance.
Stocks finished slightly lower across the board Tuesday after wavering in a narrow range for most of the session as investors remained cautious amid the ongoing "fiscal cliff" discussions in Washington.
Check out which companies are making headlines after the bell Tuesday:
Shares of Pandora are higher today ahead of its earnings report, and in the face of reported competition from Apple. Which stock is a buy now? Enis Taner, RiskReversal.com and Jeff Kilburg, Killir Kaiptal Management, discuss.
Spotify has raised about $100m from a group of investors led by Goldman Sachs in a round that puts a $3bn valuation on the company and completes its eight-month search for new funding, according to two people familiar with the situation.
Pandora's CEO remains upbeat about competition in the mobile-music space despite the fact that tech titans like Apple, Google and Microsoft are moving in. Everybody smile!
Nov 1- Sirius XM Radio Inc posted better-than-expected revenue growth in the third quarter but fa iled to shed light on company strategy under Liberty Media Corp and its se arch for a new chief executive.
Internet music company Pandora is trading higher today after unveiling new mobile apps on Monday. Joseph Kennedy, Pandora CEO, speaks to CNBC's Julia Boorstin.
Pandora shares took another hit amid buzz that Apple is moving toward a streaming ad-supported music service. So, does that make Pandora a "buy" now?
Richard Greenfield, BTIG analyst, weighs in on whether Pandora will be able to compete with an Apple radio streaming service.
Pandora stock fell off a cliff Thursday on reports that Apple is on track to launch a free streaming service in the first quarter of 2013.
Among the stock activity stories for Monday, Oct. 15, from AP Business News:. _ Shares of Internet radio company Pandora Media Inc. fell on worries about increasing competition after Microsoft Corp. announced that it would roll out a new music service.
Yusuf Mehdi, Microsoft senior vice president, discusses the launch of Xbox Music, and competition with the likes of Pandora and Spotify, with CNBC's Julia Boorstin
*Canaccord Genuity raises Primero Mining Corp price target to $13 from. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
By Jennifer Saba and Peter Lauria. Oct 10- Sirius XM Radio Inc CEO Mel Karmazin said the company will add 446,000 new subscribers for the third quarter and raised its full-year forecast to 1.8 million net additions. Karmazin gave the updated business outlook for the satellite radio broadcaster while speaking at Liberty Media Corp's.