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Saying Pandora Media (P) will see reduced revenue and higher marketing costs in the short term, Pacific Crest Securities has lowered its EPS estimates for both 2015 and 2016 for the Web radio company. Anticipated increased marketing spending and content costs “drives our 2015 EPS estimate to 54 cents from 70 cents, and our 2016 EPS estimate to 94 cents from $1.45,” wrote Pacific Crest analyst Andy Hargreaves in a research report Sunday. He said Scalper1 News
Scalper1 News