Social Media Rides Again: Pandora Beats Big- $P

Pandora Media beats by $0.08, beats on revs; guides Q2 EPS below consensus, revs in-line; guides FY13 EPS above consensus, revs above consensus
Reports Q1 (Apr) loss of $0.09 per share, $0.08 better than the Capital IQ Consensus Estimate of ($0.17); revenues rose 57.5% year/year to $80.3 mln vs the $74.37 mln consensus. hours: Total listener hours grew 92% to approximat billion for the first quarter of fiscal 2013, compared to approximately 1.6 billion for the first quarter of fiscal 2012. Co issues mixed guidance for Q2, sees EPS of ($0.05)-(0.03) vs. ($0.02) Capital IQ Consensus Estimate; sees Q2 revs of $99-101 mln vs. $100.52 mln Capital IQ Consensus Estimate. Co issues upside guidance for FY13, sees EPS of ($0.11)-($0.07) vs. ($0.15) Capital IQ Consensus Estimate; sees FY13 revs of $420-427 mln vs. $415.92 mln Capital IQ Consensus Estimate.