Pandora records better financial results than expected Monday, but less than the estimate dropped compared to the active listener.
The share grew to 7 percent in extended trading, only to wipe out the losses of the day. But after the initial peak, he lost the share of steam and flattened.
Here are the Pandora’s finances:
• Custom earnings: 21 cts per share, excluding items, compared to a loss of 24 cts per estimated consensus Thomson Reuters expected share
• Revenue: $ 376.8 million expected compared to $ 368.2 million through Thomson Reuters consensus estimation. That’s a 10% increase in sales a year ago
• Handset: The expected 76 million active listeners during the quarter were a little shabby 77,400,000 through estimating the consensus of Street Accounts.
A damned year for Pandora
Losing the rope from the expected Pandora is a sigh of relief after a tough year in online radio companies.
Team Westergren co-founder as a CEO for the second time in June, under constant fighting with Spotify and Apple Music. The company parried the tender offer of SiriusXM, only from the strategic investments of satellite radio companies to take over. This investment is an investment and has announced private equity transaction companies than KKR. Pandora and KKR reached $ 150 million in May.
Despite dramatically increasing Pandora’s revenue and subscription advertising in the second quarter, it boosts sales.
The company also announced the sale of the Ticket fly Online Ticket and the suspension of Pandora’s operations to Australia and New Zealand.
“We have taken a number of measures to improve the strategy and position to create the Pandora audience and continue to expand the company’s earnings,” said Naveen Chopra, Chief Financial Officer and Pandora’s Interim Executive Director.