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Pandora profit forecast largely below Street, shares fall

25
Jul
2014

(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 an 8 cents per share in profit on revenue of $234.6 million, according to Thomson Reuters I/B/E/S. …

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