(Reuters) – Pandora Media Inc forecast current quarter adjusted profit largely below analysts’ estimates, hurt by slowing subscription revenue growth. The company’s shares fell 12 percent in extended trading. Pandora forecast adjusted profit of 5-8 cents per share on revenue of $235-$240 million for the third quarter ending September. [ID:nBw7FJpLJa] Analysts on average were expecting […]
ARMONK, N.Y. (AP) — IBMs fourth-quarter net income grew 6 percent, surpassing Wall Streets expectations even though revenue declined. Its shares fell in extended trading after the results came out — and CEO Ginni Rometty said shes recommending that senior executives, including herself, forgo personal bonuses for the year.
ARMONK, N.Y. (AP) — IBMs fourth-quarter net income grew 6 percent, surpassing Wall Streets expectations even though revenue fell. Its shares fell in extended trading after the results came out — and CEO Ginni Rometty said shes recommending that senior executives, including herself, forgo personal bonuses for the year.
Latest Comments