Pandora Surges After Q2 Earnings Release Surprises the Street

Pandora Media

shares rallied in Wednesday's after hours trading session after the company delivered better than expected second-quarter results. Pandora reported that earnings per share were breakeven for the second quarter, compared to Wall Street analysts' consensus EPS estimates of a loss of $0.03. Revenues were up 51% to $101.3 million, which also exceeded Street estimates of $100.9 million. Looking ahead, to the third quarter, Pandora sees EPS in a range between $0.00 to $0.01 on revenue of $115 million to $118 million. Currently Wall Street expects Pandora to report Q3 EPS of $0.00 on revenue of $114 million. For the full-year, Pandora sees a net loss of $0.04 to $0.08 on revenue of $425 million to $432 million. Current consensus for the full-year is for a loss of $0.12 on revenue of $424 million. In the after hours, Pandora shares have risen a little less than 10% to $11.07.