Pandora Media Inc. (NYSE:P) announced higher than predicted results for the Q4 on Thursday afternoon, providing its stock a steep loss regardless of surprising news that its CEO intends to move down
Pandora (P) +25.23% also estimated a revenue range for the present quarter that was higher than Wall Street’s forecasts. The stock climbed up above 19% in after-hours session.
Independently, Pandora reported that CEO Joe Kennedy wants to step down. He would remain stay with the firm until a replacement is named.
Pandora Media Inc (NYSE:P) shares in the current session moved up +21.91% reaching at $14.29. The stock traded in a range of $14.05 – $14.70. In the last year the stock has moved within a range of $7.08 – $14.70. The current session’s volume of 6.29 million shares is higher from their average daily trading volume of 4.87 million shares.
Skullcandy Inc.’s (NASDAQ:SKUL) sales previous year in 2012 jumped 28%, but the headphone manufacturer published a dreary first-quarter guidance as it approved it made some packaging faults and failed to swiftly detail trends in the audio category.
Shares of Skullcandy Inc. (SKUL) slipped down 21% in premarket sesison on Friday. The manfactourer of music headphones reported on Thursday it predicts a record first-quarter loss of around 25 cents and 30 cents per share and a sales drop of 30%.
Another rival company Skullcandy Inc (NASDAQ:SKUL) trading down -19.87% to $5.39. Intraday trading recorded the stock price in a range of $5.33 to $5.78. In the previous 52 weeks the stock’s price ranged between $5.33 and $17.76. The current session’s volume of 1.54 million shares was lower from their average daily trading volume of 720,877.00 shares.
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