Pandora Declines as Listener Growth Falls Short of Forecast
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Pandora Media Inc., the biggest Internet radio service, plunged the most in three months after listener growth missed some analysts’ estimates.
Pandora tumbled 10 percent to $25.75 at the close in New York, for the biggest drop since April 25 after reporting quarterly profit yesterday that beat projections and raising its 2014 outlook. The shares have declined 3.2 percent this year.