Pandora shares clobbered in morning trading
It wasn't as if Pandora investors needed much to send them stampeding out of the stock.
Pandora shares are trading this morning at $10.82, down more $3.43 or 24 percent, a day after the company failed to meet analyst expectations for its fiscal fourth quarter, which ended January 31.
Skepticism has dogged this company ever since it announced plans to go public a year ago. Any misstep was bound to spook Wall Street.
Pandora's revenue for the period fell short of estimates while the company's losses grew from the same time a year earlier. Fourth-quarter … Read more
