Pandora Media stock rose august 30 2012

Pandora Media stock rose august 30 2012 : Shares of Pandora Media (P), the Internet radio operator, are one of the standout gainers in a weak market overall, rising $2.11, or 21%, to $12.19, following the company’s fiscal Q2 EPS beat last night, and better-than-expected outlook, followed by the announcement that its CFO plans to step down this year.

Pandora Media Inc (NYSE:P) among the gainers and the stock increased 18.35% to $11.93 on a traded volume of 20.06 million shares after the Company released second quarter results. Net loss was $5.4 million compared to $3.2 million in the prior year period. The loss per share was $0.03 compared to $0.04 in the prior year period. However, analysts expected the company to report a loss of $0.03 per share for the quarter. Revenues were $101.3 million versus $67 million in the prior year period. However, analysts expected revenues of $100.94 million. Costs and expenses for the quarter increased to $106.6 million. For the latest updates on the stock market, PRESS CTR + D or visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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