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Pandora (P) Stock Q3 Guidance Cut at MKM Partners

NEW YORK (TheStreet) -- Shares of Pandora Media (P) were higher in mid-morning trading on Thursday, even though the stock's forecast was cut at MKM Partners this morning.

On July 21, Pandora Media reported 2016 second quarter revenues of $343 million, missing analysts' estimates of $351 million, and a loss of 12 cents per share vs. Wall Street's expectations of a loss of 16 cents per share.

The Oakland, CA-based music streaming company is expecting to report revenues between $360 million and $370 million for the current...