Why Pandora Media, Inc. Stock Fell 32% in November

Shares of Pandora Media (NYSE: P) fell 31.6% in November, according to data from S&P Global Market Intelligence, toppled by another uninspiring earnings report.

In the first week of November, Pandora reported third-quarter results. Adjusted earnings clocked in at a $0.06 net loss per diluted share, and revenue increased 8% year over year to land at $379 million. Analysts had been looking for a somewhat deeper net loss on sales in the neighborhood of $381 million.

But it wasn't the mixed results that drove Pandora's share prices as much as 27% lower the next day. It was yet another gloomy revenue forecast for the next quarter.

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Source: Fool.com