Tags: pandora | media | internet

Pandora Posts Surprise Profit as Sales Top Views

Tuesday, 22 Nov 2011 05:55 PM


Pandora Media Inc., the Internet radio service, posted a surprise profit in the third quarter, as sales of $75 million beat analysts’ estimates.

Net income was $638,000, or breakeven per share, compared with a loss of $1.77 million a year earlier, the Oakland, California-based company said Tuesday in a statement. Excluding some items, profit of 2 cents beat the average 1-cent loss projected by 13 analysts.

Sales almost doubled from $37.7 million a year ago, outstripping the $71.6 million average of analysts’ estimates.

© Copyright 2017 Bloomberg News. All rights reserved.

 
1Like our page
2Share
Companies
Pandora Media Inc., the Internet radio service, posted a surprise profit in the third quarter, as sales of $75 million beat analysts estimates.Net income was $638,000, or breakeven per share, compared with a loss of $1.77 million a year earlier, the Oakland,...
pandora,media,internet
83
2011-55-22
Tuesday, 22 Nov 2011 05:55 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved