Monday, August 26, 2013

Pandora Stock Falls 13%

Bruce Houghton/Hypebot

Last week Pandora delivered earnings and future estimates that disappointed industry analysts. Details also began to leak regarding the launch of Apple's iTunes Radio next month. This combination of negative news sent Paddora stock downward 13% to $18.91 at Friday's close.

"After all, all the revenue in the world doesn't mean much if a company can't eventually translate it to decent profits -- especially as that revenue growth begins to slow. In the end, until Pandora can show investors it can slow its cash burn and start improving margins, it may be a wise decision to stay on the sidelines.," wrote Steve Symington of the Motley Fool.

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