Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Internet radio king Pandora Media
So what: While investors continue to kick up dust around the debacle that was the Facebook
Now what: The company's full-year guidance was also music to investors' ears, as the forecasts for revenue between $420 million and $427 million and the loss per share of $0.07 to $0.11 were both better than what analysts were anticipating.
With all of that good news in mind, is it time to hop on board? Some investors may be ready and willing to speculate on the future of digital radio and Pandora, but this Fool isn't quite there. Revenue is growing fast and this quarter's results topped expectations, but the company's GAAP net loss jumped from $6.8 million a year ago to $20.2 million in this quarter as rising costs easily outstripped the jump in sales. There may be a jazzy future ahead for Pandora, but I'm willing to stay off the dance floor until it proves it can make money.
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Fool contributor Matt Koppenheffer has no financial interest in any of the companies mentioned. You can check out what Matt is keeping an eye on by visiting his CAPS portfolio, or you can follow Matt on Twitter, @KoppTheFool, or on Facebook. The Fool's disclosure policy prefers dividends over a sharp stick in the eye.