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Pandora Media Inc. (P) Dipped To A New Low After Q4 Miss

Pandora Media Inc. (P) reported fourth quarter adjusted EPS of $0.18 after the bell Thursday, which fell short of the consensus estimate of $0.19.

Pandora Media gapped open sharply lower Friday, but moved in a narrow range throughout the session. Shares finished with a loss of 3.17 at $15.24 on the highest volume of the year. The stock slipped below a 2-month range and set a new low for the year.

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