Seeking Alpha

Pandora Media misses by $0.05, beats on revenue

  • Pandora Media (P): FQ3 GAAP loss per share $0.01.
  • Adjusted EPS $0.06 vs consensus $0.06.
  • Revenue of $181.6M (+50% Y/Y) beats by $6.8M. Shares -3.64% . (PR)
This was corrected on 11/21/2013 at 10:15 PM.
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Comments (15)
  • Ron Reed
    , contributor
    Comments (319) | Send Message
     
    Um...No.
    21 Nov 2013, 04:36 PM Reply Like
  • Ron Reed
    , contributor
    Comments (319) | Send Message
     
    For the quarter ended Oct. 31, Pandora reported a loss of $1.7 million, or a penny a share, compared with a year-earlier profit of $2.1 million, or a penny a share.
    21 Nov 2013, 04:43 PM Reply Like
  • Michael Blair
    , contributor
    Comments (4968) | Send Message
     
    @Ron Reed - sure, but that is before adding back all of its expenses and accruing next year's sales.
    21 Nov 2013, 04:59 PM Reply Like
  • Ron Reed
    , contributor
    Comments (319) | Send Message
     
    There is a good reason for GAAP (Generally Accepted Accounting Principals) It allows everyone to be on the same page and compare apples to apples. Reporting in big fanfare non-GAAP results is misleading and often purposely so.
    21 Nov 2013, 05:23 PM Reply Like
  • Guy Cohen
    , contributor
    Comments (42) | Send Message
     
    While I agree that GAAP allows for apples to apples comparisons - it is far from perfect. Hopefully IFRS alleviates some of these issues.
    21 Nov 2013, 05:42 PM Reply Like
  • Ron Reed
    , contributor
    Comments (319) | Send Message
     
    I agree, its not perfect, very few systems are; however it is the system we work with and it is far better than allowing reports to be presented ad hoc. Left to their devices most companies will pick and choose the algorithm that makes them look best and forgo the most informative to the shareholder. The flip side to that argument is that if shareholders responded to the news in a rational manner it would make little difference to the manner the data is presented, alas they are not and emotional choice still run the market for the most part.
    22 Nov 2013, 07:16 AM Reply Like
  • Andrei Volgin
    , contributor
    Comments (627) | Send Message
     
    The reported EPS of $0.06 excludes employee stock-based compensation that no rational person would ever exclude from costs. Without it, they lost money - again.
    21 Nov 2013, 05:02 PM Reply Like
  • options_hedge
    , contributor
    Comments (20) | Send Message
     
    with Implied volatility in weeklies running at 170 for OTM and 200 ITM, wouldn't we expect to to see 25-30% move after results? maybe it will move during the day at open like GMCR did today.
    glad I already exited all my positions last week (at a small profit) to stay away till this implied volatility crushes in half. tomorrow likely. will initiate upon more clarity.
    21 Nov 2013, 06:40 PM Reply Like
  • Rollo Tomasi
    , contributor
    Comments (259) | Send Message
     
    P is a growth stock, a buyout target. Making money right now doesn't matter a whole lot compared to becoming a dominant player in music streaming. Revenue >> Earnings.
    21 Nov 2013, 10:53 PM Reply Like
  • Andrei Volgin
    , contributor
    Comments (627) | Send Message
     
    This is a favorite excuse for all bubble stocks. Don't you agree that Apple was a growth stock when it came up with iPhone? iPad? Yet, Apple was never valued anywhere close to Pandora on P/E, P/S or any other metric you can think of. Pandora stock should be $10 now to have the same valuation as Apple had after the iPhone success.
    21 Nov 2013, 11:54 PM Reply Like
  • Renmycat!
    , contributor
    Comments (783) | Send Message
     
    streaming music is a dime a dozen, they are not a buyout candidate. not at their current market cap. get real.
    22 Nov 2013, 12:30 AM Reply Like
  • Rollo Tomasi
    , contributor
    Comments (259) | Send Message
     
    101% of the float is owned by institutions. The short interest is so high that it pushes institutional ownership over 100%.
    22 Nov 2013, 02:28 PM Reply Like
  • Renmycat!
    , contributor
    Comments (783) | Send Message
     
    Rollo,
    could you explain how that happens? thanks
    22 Nov 2013, 02:33 PM Reply Like
  • Andrei Volgin
    , contributor
    Comments (627) | Send Message
     
    Yahoo Finance shows wrong number of shares. They will update it after the 10Q is filed for Q3.
    22 Nov 2013, 02:38 PM Reply Like
  • Ron Reed
    , contributor
    Comments (319) | Send Message
     
    If you have 100 shares and 99 are owned by intuitions, someone comes in and shorts 2 shares and those are purchased by an intuition , you now have 101% ownership.

     

    Remember, on shorting, you borrow the shares and sell them to the open market, hence you can get the numbers skewed a bit.
    22 Nov 2013, 03:30 PM Reply Like
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