Pandora Falls on Lower Second Quarter Sales Projections; Facebook Buys ProtoGeo


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NYSE:P / NASDAQ:FB / PK:PHOT / NASDAQ:ZNGA
04/28/2014 [ACCESSWIRE]

Pandora Media, Inc. (NYSE: P) – For an in-depth report on Pandora Media, Inc.  follow: www.BullTrends.com/stockquote/P

Shares of Pandora closed down 16.63% on Friday with about 32.7 million shares traded. The stock was one of the biggest decliners on the NYSE. The company has reported consistent year-over-year revenue growth above 50 per cent, but said for the second-quarter sales would not hit that level and rise about 38.5% to $218 million instead.

Facebook, Inc. (NASDAQ: FB) – For an in-depth report on Facebook, Inc.  follow: www.BullTrends.com/stockquote/FB

Shares of Facebook closed down 5.19% on Friday with about 92.5 million shares traded. The stock was one of the most active stocks on the NASDAQ as well as one of the biggest decliners. Facebook recently acquired Finnish company ProtoGeo Oy for an undisclosed amount. ProtoGeo Oy is the developer of popular mobile app Moves.

Growlife, Inc. (OTC: PHOT) – For an in-depth report on Growlife, Inc. follow: www.BullTrends.com/stockquote/PHOT

PHOT was one of the biggest decliners in the OTC market on Friday closing down 58.17%. The stock traded nearly 115 million shares after resuming trading on Friday for the first time in two weeks.

Zynga, Inc. (NASDAQ: ZNGA) – For an in-depth report on Zynga, Inc. follow: www.BullTrends.com/stockquote/ZNGA

Shares of ZNGA closed down 6.21% this past Friday with over 43.5 million shares traded. The stock was one of the biggest decliners on the NASDAQ. The drop came after Zynga issued weak guidance going ahead. The company expects second-quarter revenue in the range of $140 million to $160 million with a net loss of 7 cents a share to 8 cents a share. This comes in lower than what the Analysts surveyed by Thomson Reuters expected. They expected revenue of $179.17 million.

 

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