This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Pandora, Discovery Labs: After-Hours Trading (Update 1)

Updated from 5:!6 p.m. ET to include latest share prices, information on Discovery Laboratories.

NEW YORK ( TheStreet) -- Shares of Pandora (P - Get Report) were crushed in late trades on Tuesday after the streaming music company reported a wider-than-expected loss for its fiscal fourth quarter.

The poor performance was a break from the company's brief track record as a public company. Pandora completed its IPO in mid-June 2011, and in its first two quarterly reports since then, the company had posted surprise profits vs. consensus expectations for losses.

This time around though, Pandora reported a non-GAAP loss of $4.7 million, or 3 cents a share, on revenue of $81.3 million. That performance was worse than the average estimate of analysts polled by Thomson Reuters for a loss of 2 cents a share on revenue of $83.1 million in the three months ended Jan. 31. In the same period a year earlier, Pandora lost $927,000, or a penny per share, on a non-GAAP basis with revenue totaling $47.6 million.

The stock was last quoted at $11.15, down 22%, on volume of 3.1 million, according to The company originally priced its IPO at $16 per share.

Pandora said its total listener hours soared 99% year-over-year to 2.7 billion in the quarter from 1.3 billion in the same period a year earlier.

The company's outlook was a clunker as well. Pandora forecast a non-GAAP loss of 18 to 21 cents a share for its fiscal first quarter ending in April on revenue ranging from $72 million to $75 million. Wall Street's current consensus view is for a loss of 2 cents a share in the quarter on revenue of $86.6 million.

For the full fiscal year ending in January 2013, the company expects a non-GAAP loss of 11 to 16 cents a share on revenue of $410 million to $420 million. The current average estimate of analysts polled by Thomson Reuters is for a profit of a penny per share on revenue of $418.3 million.

Check out TheStreet's quote page for Pandora Media for year-to-date share performance, analyst ratings, earnings estimates and much more.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
CY $15.50 1.97%
DSCO $1.76 6.02%
P $15.41 -0.19%
AAPL $126.41 -1.66%
FB $81.21 0.39%


DOW 18,135.72 +38.82 0.21%
S&P 500 2,101.04 +2.51 0.12%
NASDAQ 4,982.8090 +15.6680 0.32%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs