Pandora stock lost Wednesday's gains and then some on Thursday. Pandora stock had risen as much as 7% in after hours trading Wednesday, after the streamer offered a mixed quarterly report but beat Wall Street expectations with revenue of $395 million, above analyst predictions of $376 million.
On Thursday morning, pre-market trading priced the stock up a 5.34.% Pandora stock opened the day trading at $5.00. But on Thursday, investors had wiped out all the gains and more. By the close of trading Pandora stock was down 7.19% to $4.52.
Pandora listener hours have decline slowly to 5.03 billion for the fourth quarter of 2017, compared to 5.15 billion hours last quarter and 5.38 billion for the same quarter last year.