Pandora Media Inc (NYSE:P) post revenues in line with the expectation of the analysts


Dallas, Texas 08/22/2013 (Financialstrend) – Pandora Media Inc (NYSE:P) is expected to post revenues in line with the expectation of the analysts in the second quarter of fiscal year 2014. It is expected that the company would present revenues at $157.5 million for the second quarter which ended on July 31, 2013 , which would be an increase of 56% over the revenues posted for the previous year and an increase of 59% over the first quarter. The financial guidance established by the company for the second quarter is at revenues of $155 to $160 million. Further, the advertising revenues for the company are expected to be at $132.6 million for the quarter, an increase of 48% over the previous year.

The subscription and other revenues of Pandora Media Inc (NYSE:P) are expected to be at $25 million, an increase of 110% over the revenues for this segment reported for the second quarter of previous fiscal year. Further, the analysts had modeled that the EBITDA for the company for this quarter would be at $7.3 million, highly above the present consensus estimates at $4.2 million and that the non GAAP adjusted earnings would be at $0.02 per share.

Pandora Media Inc (NYSE:P) had traded on Wednesday to report a gain of 0.75% in the share prices and had finally closed the trading session at $21.49 per share. The stock was further measured to have moved with intraday prices fluctuations ranging between low of $21.07 and high of $21.68 per share and presently the 52 week price levels for the stock ranges between low of $7.08 and high of $21.98 per share. The stock had on Wednesday reported that there had occurred around 7.66 million trades in its shares, while on an average the stock had reported 5.94 million trades per day.