Pandora Media Inc. (P) reported a first quarter adjusted loss of $0.10 per share after the bell Thursday, compared to the loss of $0.08 per share last year. The consensus estimate was for a loss of $0.10. Second quarter adjusted EPS is expected to be between a loss of $0.02 and a profit of $0.01. The consensus estimate is for EPS of $0.01. The company also increased its full year 2014 adjusted EPS forecast to between a loss of $0.02 and a profit of $0.08. The consensus estimate is for EPS of $0.01. The stock is now up 1.49 on 1.4 million shares.
Pandora Media climbed during the first 45 minutes of trade Thursday, before settling into a range. Shares finished with a gain of 0.68 at $17.16 and set a new high for the year.
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