Orlando, FL -- (SBWIRE) -- 10/24/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Yelp Inc (NYSE:YELP), Pandora Media Inc (NYSE:P).
Yelp Inc (NYSE:YELP) shares dropped 4.90% and closed at $66.01 in the last trading session. The company announced that it will issue its financial results for the third quarter ended September 30, 2013 after the market close on Tuesday, October 29, 2013. Yelp will host a conference call to discuss the results at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) on the same day.
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Pandora Media Inc (NYSE:P) shares decreased 3.20% to $26.59 in the previous trading session. FBR & Co. assumed coverage on shares of Pandora Media in a research note issued on Oct. 23. The firm set a “market perform” rating on the stock. Separately, analysts at FBR Capital Markets initiated coverage on shares of Pandora Media in a research note to investors on Oct. 23. They set a “market perform” rating and a $25.00 price target on the stock.
Additionally, the company announced that it will hold a conference call to provide context for its historical calendar year results. The company will transition from a January 31st based fiscal year-end to a December 31st based fiscal year-end, effective with the year ended December 31, 2013, in order to align Pandora's business calendar with the advertising industry's standard cycle.
The company will report earnings according to the current fiscal 2014 cadence for the fiscal third quarter 2014 ending October 31, 2013, followed by a two-month stub period for November and December 2013 to achieve this transition.
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