Look For Pandora Margins to Improve Today
Pandora Earnings will be announced after the closing bell today and analysts are expecting the company to report a profit and 54% increase in revenue, according to Investor's Business Daily. Kevin Shalvey writes, "Wall Street expects sales of $156 million, according to a poll of 22 analysts by Thomson Reuters." Cowen & Co. analyst John Blackledge says, "The company's benefiting from a jump in mobile traffic, which is expected to boost mobile ad sales by 88% in the quarter vs. the year-earlier quarter, That's expected to offset a drop in desktop ads. Pandora stock is up 134% year to date.
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