Pandora shares slide after disappointing Q4 forecast

Tom Pakinkis

Pandora has projected a loss of 6 – 9 cents on revenues between $120-123 million for Q4, causing a 21% slide in its stock price. 

The company’s fourth quarter ends in January, with Billbaord reporting that analysts expected the internet radio service to earn 2 cents a share on $130.3 million in revenues for the period.

The financial forecast was a result of concerns over the US economy causing advertisers to hold back on spending for January.

The announcement caused ...

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