Pandora Media Inc. (P) reported third quarter adjusted EPS of $0.09 after the bell Thursday, compared to $0.05 a year ago. Revenues rose to $239.59 million from $169.30 million last year. The consensus estimates were for EPS of $0.08 on revenue of $238.50 million.
The company expects to report fourth quarter adjusted EPS of $0.17 to $0.19 and between $0.19 and $0.21 for the full year. Analysts are expecting EPS of $0.17 and $0.18.
Pandora Media gapped open sharply lower Friday morning and is now down 3.37 at $19.75. The stock has dropped below a 2-week range and has set a new low for the year.
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