Media

Pandora Jumps on Results; CEO to Step Down

Published on March 7, 2013
by Rex Crum

Pandora Media Inc. reported better-than-expected results for the fourth quarter on Thursday afternoon — giving its stock a sharp boost despite the surprise additional news that its CEO plans to step down.

Pandora P also projected a revenue range for the current quarter that was above Wall Street’s estimates. The stock jumped more than 19% in after-hours trades.

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