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Pandora Media Jumps 7% as Q2 Rev, EPS Beat

Internet radio pioneer Pandora Media (P) this afternoon reported Q2 revenue and profit that topped analysts’ expectations, sending its shares sharply higher in late trading.

Revenue in the three months ended in June rose 10%, year over year, to $376.8 million, yielding EPS of 21 cents, excluding some costs.

Analysts had been modeling $368 million in revenue, and a net loss of...