Business

market mover

Pandora stock jumps after surprise break-even financial results

Traders worked at the kiosk where Pandora is traded on the floor of the New York Stock Exchange.
Brendan McDermid/Reuters/File 2011
Traders worked at the kiosk where Pandora is traded on the floor of the New York Stock Exchange.
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Pandora Media Inc., the Internet radio service, surged the most in 14 months on break-even quarterly results that beat estimates. Analysts had expected a loss of 3 cents per share, on average. Mobile advertising grew 86 percent, Pandora said. “Our mobile monetization strategies are working,” said CEO Joe Kennedy. “That is the core of our performance.”