Pandora top forecasts, but outlook disappoints

MarketWatch.com - MarketPulse SAN FRANCISCO (MarketWatch) -- Pandora Media Inc. on Wednesday reported results for what it called its November-and-December stub period as the online radio company changed its fiscal year to match the calendar. For the last two months of 2013, Pandora earned 6 cents a share on $137 million in revenue. For the calendar quarter that ended Dec. 31, Pandora earned 4 cents a share on sales of $200.4 million. Excluding one-time items, Pandora would have earned 11 cents a share. Analysts surveyed by FactSet had forecast Pandora to earn 8 cents a share on $199.8 million in revenue. For its first quarter, Pandora estimates it will lose between 14 cents and 16 cents a share on revenue in a range of $170 million to $176 million, while analysts have forecast a loss of 12 cents a share on sales of $173.6 million. Pandora s shares fell by 8% in after-hours trading.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.