Pandora (P) Tops Q2 EPS by 8c; Guides FY16 Revenue Below Views

Pandora (NYSE: P) reported Q2 EPS of ($0.08), $0.08 better than the analyst estimate of ($0.16). Revenue for the quarter came in at $343 million versus the consensus estimate of $351.6 million.

Other Business Metrics

Listener Hours: Total listener hours grew 7% to 5.66 billion for the second quarter of 2016, compared to 5.30 billion for the same period of the prior year.

Active Listeners: Active listeners were 78.1 million at the end of the second quarter of 2016, compared to 79.4 million for the same period of the prior year.

GUIDANCE:

Pandora sees Q3 2016 revenue of $360-370 million, versus the consensus of $378.2 million.

Pandora sees FY2016 revenue of $1.385-1.405 billion, versus the consensus of $1.43 billion.

For earnings history and earnings-related data on Pandora (P) click here.

You May Also Be Interested In

• Synopsys upgraded at Piper Sandler on Intel foundry momentum, Apple opportunity
• Alphabet slides over 6% as AI brain drain and SpaceX slump converge
• Bernstein SocGen Group Reiterates Outperform Rating on Hermes International (RMS:FP) (HESAY) after cautious commentary