VOXX Shares Jump on Previously Announced Collaboration with Pandora
Today, shares of VOXX International (NASDAQ: VOXX) jumped nearly 24% after the company announced that would partner with Pandora (NYSE: P) as a new aftermarket partner.
Audiovox plans to include Pandora on its Advent and Jensen branded mobile multimedia systems with the Advent models available in the first quarter and the Jensen models in the spring. Pandora now has 23 automotive total partnerships in the automotive sector, including seven aftermarket manufacturers and 16 automotive brands.
VOXX also reported 3Q12 operating income of $18.4 million, a $13.0 million improvement (3Q12 vs. 3Q11).
(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
We're Loving
