
Pandora Stock Takes a Beating After Forecast For a Bleak Winter
So much for a rosy outlook: Pandora stock plummeted 18 percent in trading after markets closed, as the digital music service projected increased losses for the current fiscal year.
Shares fell despite a strong fiscal third quarter for the company, in which revenue increased 60 percent to $120 million from the same period of 2011, and total listening hours grew by 67 percent. Read More
