Pandora Media up Nearly 15% on Strong Q1 Earnings

Pandora Media P is trading higher on the session following its Q1 earnings announcement yesterday. The company reported an EPS of $(0.09) vs $(0.17) estimates and revenues $80.8 million vs $74.35 million estimates. Pandora also guided full year loss lower than the estimates. Joe Kennedy, Chairman & CEO of Pandora stated: "Pandora is off to an excellent start, exceeding our first quarter outlook and raising our expectations for the full fiscal year. This quarter Pandora averaged more than 50 million active users a month who generated more than 3.09 billion listening hours across Pandora's multiple platforms – desktop, auto, consumer electronics, and mobile devices." Pandora Media is currently trading at $11.85, a gain of $1.52 or 14.71%.