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Pandora, Brown-Forman Announce Earnings
Wednesday, December 5, 4:38 PM ET

Internet radio company Pandora (NYSE:P) announced that revenue was $120 million during the third quarter, and profits were slighlty more than $2 million, or five cents per share. Revenue was 60% higher than the same period last year. Guidance for the fourth quarter, however, was below analyst estimates, with the company anticipating revenue of $120 million to $123 million and a loss of $0.06-$0.09 per share. Analysts had expected a top line of $130 million and earnings of $0.01 per share. For 2013, the company believes that revenue will be $422 million to $425 million, with a net loss of $0.09-$0.12 per share.

Shares are lower by about 18.2 percent.

Brown-Forman (NYSE:BF.A) (NYSE:BF.B) announced that net income for the fiscal second-quarter increased to $173 million, or 80 cents per share, from $157.6 million, or 73 cents per share, in the same period last year. Revenue was little changed, at $1.01 billion. Analyst shad expected earnings of 78 cents per share on revenue of $1.05 billion.

Shares are lower by about two tenths of a percent.

For MarketNewsVideo.com, I'm Sayoko Murase.

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