4-24-14
Despite increasing revenue 54 percent in the first quarter of 2014, Pandora was trading down as much as 9 percent in after-hour trading Thursday night. The company reported $180.1 million in Q1 revenue, 74 percent ($134.1 million) of which is now coming from mobile revenue. The company reported a loss of approximately $29 million, or about 13 cents per share. Pandora expects revenue in the range of $213 million to $218 million in Q2 and $880 million to $900 million for the full year. The company also expects EPS in the range of flat to 3 cents for the second quarter, and 14 cents to 18 cents for the full year.
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