Pandora's Stock Wavers As Earnings Are Overshadowed With Deal Talk

Pandora‘s recently reported Q2 fiscal 2016 earnings turned out marginally better than expectations, with non-GAAP diluted loss per share 4 cents better than the consensus estimate. However, revenue at $343 million, fell $7 million short of the consensus and total listener count dropped to 78.1 million from 79.4 million in Q1. Nevertheless, a marginal increase in active listener count was reassuring and the company deemed it a strong quarter.