NEW YORK (TheStreet) -- After plummeting on Thursday following soft guidance, Pandora (P - Get Report) managed to reclaim some ground on Friday. On Tuesday, competitor Sirius XM (SIRI - Get Report) beat expectations in its own earnings release.
By market close, Pandora was 6.6% higher to $34.34, but 4.8% lower for the week. Sirius added 1% to $3.48 over Friday, but lost 2.7% since Monday.
Oakland, Calif.-based Pandora issued full-year guidance for net income between 13 cents and 17 cents a share. Analysts surveyed by Thomson Reuters had expected net income of 19 cents a share.
In the first quarter ended March, management anticipates a loss of 16 cents to 14 cents a share, compared to a forecast loss of 12 cents. Lower profits are the result of rising costs as the company expands its market share.In January, Oakland-based Pandora active listeners dropped nearly 4% from December, a result of seasonal fluctuations, but were up 12% from a year earlier. Guidance overshadowed Pandora's fourth-quarter results which came in better than expected. The company reported fourth-quarter net income of 11 cents a share on $200.8 million in revenue. Analysts anticipated earnings of 7 cents a share on sales of $201.1 million. On Tuesday, Sirius XM posted record full-year revenue of $3.8 billion, 12% higher than a year earlier, and fourth-quarter sales of $1 billion. Total sales exceeded analysts' full-year and fourth-quarter expectations of $3.78 billion and $981.9 million, respectively. Net income of 1 cent a share missed consensus by a penny. Full-year earnings of 6 cents a share was just shy of the 7 cents a share analysts had expected. Management reiterated existing 2014 guidance of revenue of more than $4 billion and net subscriber additions totaling 1.25 million. Must Read: Pandora Rebounds After Sharp Selloff Must Read: The Amazon Way at Pandora Must Read: Wall Street Must Demand Answers From Pandora ... Now Must Read: Sirius XM (SIRI) Scores With Record Revenue, Subscribers