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Pandora Media Inc (NYSE:P) reported its results for the most recent quarter. Loss widened to $8.1 million (5 cents a share) from a loss of $1.4 million or 31 cents a share a year earlier. Revenue rose 70% from the year earlier to $72 million. Pandora Media Inc reported an adjusted net loss of 3 cents per share. By that measure, the company fell short of the mean analyst estimate of a loss of 2 cents per share. It fell short of the average revenue estimate of $83 million.
The fourth quarter was a strong finish to fiscal 2012, which was highlighted by record revenue, radio market share, listening hours and active users,” stated Joe Kennedy, Chairman & CEO of Pandora. “Reflecting on our first fiscal year as a public company, we have many accomplishments to be proud of and much to look forward to in the year ahead. Pandora continues to rapidly disrupt the radio industry and has only just begun to realize the potential of our $37 billion U.S. market opportunity.”
Competitors to Watch: Sirius XM Radio Inc. (NASDAQ:SIRI), Linkedin Corporation (NYSE:LNKD), Google Inc. (NASDAQ:GOOG), Apple Inc. (NASDAQ:AAPL), Career College Holding Co. Inc. (CCHZ), CBS Corporation (NYSE:CBS), Amazon.com, Inc. (NASDAQ:AMZN), Comcast Corporation (NASDAQ:CMCSA), and Time Warner Cable Inc. (NYSE:TWC).
Dick’s Sporting Goods Inc. (NYSE:DKS) reported its results for the fourth quarter. Net income for Dick’s Sporting Goods Inc. rose to $111.1 million (88 cents per share) vs. $87.5 million (71 cents per share) in the same quarter a year earlier. This marks a rise of 27% from the year-earlier quarter. Revenue rose 6.1% to $1.61 billion from the year-earlier quarter. Dick’s Sporting Goods Inc. fell in line with the mean analyst estimate of 88 cents per share. Analysts were expecting revenue of $1.61 billion.
“In the fourth quarter, we generated record earnings, maintained an exceptionally strong balance sheet with our cash balance growing $188 million, initiated our first ever dividend, and announced a 12-month share repurchase program,” said Edward W. Stack, Chairman and CEO. “In 2012, we will continue to build on our momentum as we profitably grow the business with earnings expected to increase approximately 18 to 19%, while simultaneously investing in key strategic areas including new stores, eCommerce, inventory management systems and private brands.”
Competitors to Watch: Big five Sporting Goods Corp. (NASDAQ:BGFV), Golfsmith Intl. Hldgs., Inc. (NASDAQ:GOLF), Hibbett Sports, Inc. (NASDAQ:HIBB), Cabela’s Incorporated (NYSE:CAB), Sport Chalet, Inc. (NASDAQ:SPCHA), Dover Saddlery, Inc. (NASDAQ:DOVR), Winmark Corporation (NASDAQ:WINA), Deckers Outdoors (NASDAQ:DECK), Nike (NYSE:NKE), The Timberland Company (NYSE:TBL), and Sports Direct Intl. Plc (NYSE:SPD).
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