Pandora hit its earnings target and delivered revenue and an outlook that topped expectations. Shares rose sharply after-hours.» Read More
*Nokia shares up in wake of deal with China Mobile. NEW YORK, Dec 5- U.S. stock index futures rose on Wednesday after comments from China's new leader boosted global growth expectations.
Here are Wednesday's morning movers.
*ADP data due at 8:15 a.m. ET ( 1315 GMT. *Nokia shares up in wake of deal with China Mobile. NEW YORK, Dec 5- U.S. stock index futures rose on Wednesday after comments from China's new leader boosted global growth expectations.
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.
*Q4 revenue expected between $120 mln to $123 mln; below Street view. Dec 4- Pandora Media Inc lowered its fourth-quarter guidance, blaming a pull back by advertisers on the so-called looming fiscal cliff, but analysts suggested it was due more to increasing competition.
*Q4 revenue expected between $120 mln to $123 mln; below Street view. Dec 4- Pandora Media Inc lowered its fourth quarter guidance because advertisers, spooked by the looming fiscal cliff, have pulled back on spending. The online streaming music service said that it expects fourth quarter revenue of $120 million to $123 million.
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:
Dec 4- Pandora Media Inc lowered its guidance for the fourth quarter, sending its shares down 20 percent in after-hours trading. "This is a conservative guidance issue," said Rich Tullo, an analyst with Albert Fried& Company. Shares of Pandora Media closed up 5.4 percent at $9.45 but shed 20 percent after the results were released.
*Netflix rallies on exclusive deal with Walt Disney. *MetroPCS off as Sprint unlikely to make counter-offer. *Dow off 0.1 pct, S&P 500 off 0.2 pct, Nasdaq off 0.2 pct.
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