Pandora Beats the Street, but Shares Slip

Ad revenue up 102% year over year to $66 million

Two quarters into its run as a public company, Internet radio service Pandora is showing that it knows how to build momentum, but questions about its future still weigh on the company’s stock.

In the third quarter, the company posted a narrow profit, reporting net income of $638,000, compared to a loss of $1.7 million in the same quarter last year. Excluding a few items, the company said earnings per share was 2 cents, beating analysts’ expected 1 cent loss.

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