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Pandora Media Inc. (P) Has Jumped To A New High On Q4 Results

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3/8/2013 9:35 AM ET

Pandora Media Inc. (P: Quote) reported a fourth quarter non-GAAP loss of $0.04 per share after the close Thursday, compared to the consensus estimate of a loss of $0.05. The company expects to report a first quarter non-GAAP loss of $0.13 to $0.10 and between a loss of $0.05 and a profit of $0.05 for the full year 2014. The consensus estimates are for a loss of $0.10 and a loss of $0.02.

Pandora Media has gapped open sharply higher Friday and is now up 2.86 at $14.59. The stock has risen above a one-month range and has set a new high for the year.

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by RTT Staff Writer

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