Pandora Beats Q1 Estimates Despite US Sales Dip
Pandora's first-quarter revenue and operating profit exceeded analyst expectations, even as North America like-for-like sales fell 2% due to weaker consumer sentiment. The stock rose on the news.
Key facts
- Pandora topped first-quarter estimates
- Revenue and operating profit beat analyst forecasts
- North America like-for-like sales fell 2%
- Decline attributed to weaker consumer sentiment
- Stock price increased following the report
Entities
Institutions
- Pandora
Locations
- North America
- United States
Sources
- Quartz —