This Day On The Street
Continue to site
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

Stocks to Watch: Pandora, Texas Instruments

NEW YORK -- Pandora Media's (P - Get Report) fourth-quarter results beat Wall Street estimates, led by a huge jump in revenue.

The Internet radio company posted Thursday a non-GAAP loss of 4 cents a share on revenue of $125.1 million, up 54% from a year earlier. Advertising revenue climbed 51% year over year to $109 million.

Analysts were looking for a loss of 5 cents a share on revenue of $122.8 million.

Pandora's fiscal first-quarter 2014 and full-year guidance came in ahead of Wall Street estimates. The company expects to lose, on a non-GAAP basis, 10 cents to 13 cents a share in the first quarter, but revenue is expected to be between $120 million and $125 million. Analysts forecast a loss of 10 cents a share on sales of $119.53 million.

Pandora also announced that Chairman and CEO Joe Kennedy would be stepping down, but would remain CEO until a successor is found.

Pandora Soars as Revenue Jumps 54%, CEO to Step Down

Texas Instruments (TXN - Get Report) narrowed its first-quarter outlook to the higher end of its prior estimates.

The semiconductor specialist said Thursday it expects first-quarter revenue of $2.8 billion to $2.91 billion, compared with its prior guidance of $2.69 billion to $2.91 billion.

Texas Instruments expects earnings of between 28 cents and 32 cents a share; its earlier forecast called for earnings of 24 cents to 32 cents a share. The latest forecast includes about 6 cents of acquisition and restructuring charges and a discrete tax benefit of 6 cents related to the reinstatement of the R&D tax credit.

Analysts are looking for earnings of 31 cents a share on revenue of $2.8 billion.

Texas Instruments Narrows Guidance

Google's (GOOG - Get Report) Motorola Mobility hardware unit has begun laying off about 1,200 employees, or more than 10% of its headcount, according to a company email reviewed by The Wall Street Journal.

The new cuts come on top of the 4,000 jobs cut at Motorola Mobility in August as the smartphone maker continues trying to return to profitability, the newspaper noted.

"These cuts are a continuation of the reductions we announced last summer. It's obviously very hard for the employees concerned, and we are committed to helping them through this difficult transition," a spokesman told the Journal.
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
Only $9.95
14-Days Free
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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
GDI $0.00 0.00%
GOOG $645.44 0.62%
MCD $100.00 -1.20%
P $22.00 0.92%
TXN $50.46 0.66%


Chart of I:DJI
DOW 16,790.19 +13.76 0.08%
S&P 500 1,979.92 -7.13 -0.36%
NASDAQ 4,748.3610 -32.9030 -0.69%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs