Pandora is gaining ground for a 6th straight day
Pandora
- Pandora shares are spiking Tuesday, continuing big gains over the last 6 days.
- The music streaming company is scheduled to report earnings Wednesday after the closing bell.
- The stock is down considerably over the last year, but investors are confident ahead of earnings.
Pandora is rallying Tuesday ahead of its Wednesday earnings report. The stock is up more than 4% Tuesday, a continuation of gains for six straight days. Shares are up more than 14% over the last week.
The music streaming service reports fourth-quarter and fiscal year 2017 earnings Wednesday after the closing bell. Wall Street expects the company to make $375 million in revenue for the fourth-quarter, and earnings per share of -$0.28. Revenue of $375 million would be higher than the fourth quarter of 2016, when Pandora posted revenue of just above $313 million, although it only lost $0.13 per share in that quarter.
And while one of the latest checks on the user growth battle between Pandora and Spotify shows that Spotify has Pandora beat, investors are confident about Pandora recently. Although Pandora shares are down 59% over the last year, the stock has shot up in the last week ahead of earnings.
Follow Pandora's stock price live here.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
- Realme Narzo 70, Narzo 70X 5G smartphones launched in India starting at ₹11,999
- Indian housing sentiment index soars, Ahmedabad emerges as frontrunner
- 10 Best tourist places to visit in Ladakh in 2024
- Invest in disaster resilience today for safer tomorrow: PM Modi
- Apple Let Loose event scheduled for May 7 – New iPad models expected to be launched