Pandora Media (P) gains on Q1 results

Pandora Media Inc P slipped gained 5% to $18.59 after the company reported results for the first quarter. The company reported a quarterly loss of $48.3 million, or $0.23 per share, versus a year-ago loss of $28.9 million, or $0.14 per share. Its adjusted loss came in at $0.12 per share. Share volume was 8.2 million.