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November 24, 2011 02:19 am GMT
Despite yesterday's FQ3 earnings statementindicating that Pandora beat Wall Street projections and that it has abundant long-term growth opportunities,Pandoras stock price fell 11.3% since yesterday to $10.51.This is likely becausePandora lowered its FQ4 guidance to a loss ($0.03) in earnings per share, worse than its $0.02 EPS for last quarter and Wall Street's ($0.02) guidance for next quarter. Investors see Pandora as a momentum story, betting on it gradually but steadily growing towardssignificantprofitability.The slightly grim guidance, due to increased investments which will go towards hiring more sales people, may have spooked some investors with a distaste for any signs of slowing momentum.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/O4Rxwdf-ZRw/
Spooked Momentum Investors Punish Pandora
Despite yesterday's FQ3 earnings statementindicating that Pandora beat Wall Street projections and that it has abundant long-term growth opportunities,Pandoras stock price fell 11.3% since yesterday to $10.51.This is likely becausePandora lowered its FQ4 guidance to a loss ($0.03) in earnings per share, worse than its $0.02 EPS for last quarter and Wall Street's ($0.02) guidance for next quarter. Investors see Pandora as a momentum story, betting on it gradually but steadily growing towardssignificantprofitability.The slightly grim guidance, due to increased investments which will go towards hiring more sales people, may have spooked some investors with a distaste for any signs of slowing momentum.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/O4Rxwdf-ZRw/
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