Pandora misses revenue expectations, shares plunge more than 20% after hours

Music streaming service Pandora posted quarterly revenue figures that fell short of Wall Street estimates: $268 million versus an anticipated $277 million. CNBC reports Pandora’s shares were down as much as 26 percent in extended-hours trading. To blame were slowing mobile advertising growth in the fourth quarter of 2014, and “current quarter revenue guidance that disappointed.”