Pandora Earnings Miss Estimates, Reports Lower Guidance
The stock of Internet radio company Pandora took a hit after the bell Tuesday following an earnings report that fell short of analysts' estimates.
The company posted a loss of three cents a share and a revenue of $81 million in the fourth quarter. Analysts estimated the company would deliver a loss of two cents a share on revenue of $83 million.
Pandora also revised first -quarter guidance lower and said revenue would be between $72 million to $75 million. Wall Street had expected revenue of about $87 million. (Click here for the latest after-hour quote)