NEW YORK (TheStreet) -- Shares of Pandora Media (P) are falling -10.52% to $25.70 in pre-market trading after giving full-year guidance that was lower than the analyst estimates,although it reported better than expected earnings for the second quarter.
The company projected that earnings in the upcoming quarter would be between 5 cents and 8 cents, below analyst estimates, driving the stock price down.
In the second quarter, a traditionally seasonal low point, active users were up 7.5% year-over-year from 71.1 million to 76.4 million, but flat quarter-to-quarter showing user growth deceleration.
Must Read: Warren Buffett's 25 Favorite StocksSTOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. Still, the Internet radio service posted earnings of 4 cents a share on revenue of $218.9 million in the June quarter, up 38% year-over-year and beating estimates of 3 cents per share on $218.81 million.
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