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Tech Earnings: Pandora, Tivo
Thursday, August 30, 10:40 AM ET

Pandora Media (NYSE:P) announced earnings that beat expectations, and also raised guidance for the full year. Sales increased by 51% to $101.3 million, while analysts expected sales of $100.9 million. The quarter was break even, versus a 2 cent profit in the same period last year, but better than the three cent per share loss expected by analysts. For the full year, the company expects sales of $425 million to $432 million.

Shares are higher in early trading.

Tivo (NASDAQ:TIVO) announced that revenue in its most recent quarter increased by 7 percent ot $65.3 million, while net loss widened to $27.7 million, or 23 cents per share, versus $19.6 million, or 17 cents per share in the same period last year. Analysts had expected a loss of 24 cents per share and revenue of $54.3 million.

Shares are higher in early trading.

For MarketNewsVideo.com, I'm Sayoko Murase.

Tech Earnings: Pandora, Tivo picture
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