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Pandora Plunges 20 Percent on Revenue Miss

Pandora shares plunged sharply after the music streaming company on Thursday reported quarterly revenue that widely missed expectations as mobile advertising growth slowed.

The company posted sales of $268 million, which fell short of Wall Street estimates for $277 million, according to expectations from Thomson Reuters. Earnings matched expectations at 18 cents a share.

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This article originally appeared on Recode.net.