After the market close, the music streaming service said revenues surged 20% year-over-year to $343 million but missed analysts' forecasts of $351 million.
Pandora reported an adjusted loss of 12 cents per share for the second quarter, narrower than analysts' estimates of a loss of 16 cents per share.
For the current quarter, the company expects to report revenues between $360 million and $370 million, while analysts are looking for revenues of $378 million.
Earlier today, the Wall Street Journal reported that Liberty Media (LMCA) CEO Greg Maffei "floated" a takeover offer of roughly $15 per share for Pandora, which the company rejected.
Separately, TheStreet Ratings team rates the stock as a "sell" with a ratings score of D.
Pandora's weaknesses include its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself.
You can view the full analysis from the report here: P
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.