Pandora Plummets 11% After-Hours on Earnings - Groupon (NASDAQ:GRPN)

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Pandora (NYSE: P) reported earnings on Tuesday, March 6.The earnings came in lower than expectations, as the company reported an EPS of $(0.03) against an estimated EPS of $(0.02). Revenues were reported at $81.3 million versus estimated revenue of $82.96 million.The company guided first quarter revenues of $72-75 million versus an estimated $83.06 million and earnings between $(0.18) and $(0.21) versus an estimated $(0.02).After the company reported earnings, Pandora's stock dropped about 11%. Pandora began trading last June. Pandora's shares are off the lows hit in December, but are still down from the near $17 per share that the company was trading at last June.Pandora was one of the first IPOs in a recent wave of tech companies that also included LinkedIn (NYSE: LNKD) and Groupon (NASDAQ: GRPN).

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