Pandora (P +2.2%) trades higher ahead of this afternoon's FQ2 report. Shares have been range-bound this summer after soaring due to to the guidance accompany Pandora's FQ1 report. The monetization of Pandora's mobile radio listening will be in focus today. The company received semi-favorable news yesterday when growing rival Spotify reported an FY12 loss of $56.9M to go with revenue of $235.5M. Soaring content costs, something Pandora is no stranger to, played a big role.