It was a difficult day on Wall Street for both Pandora Media and Discovery Communications, as both companies released second-quarter earnings that will likely see displeasure from many shareholders.
Pandora saw its stock dip some 5.8%, to $8.95, ahead of a Q2 earnings report reflecting a drop in total listener hours and a much wider net loss.
Meanwhile, Discovery shares finished the day off 8.2%, to $24.60, after the company failed to meet the Street on its earnings estimates—results that came as Discovery agreed to a $90 per-share acquisition of Scripps Interactive Networks.
Also on Wall Street today, Urban One was down 7.5%, to $1.85, while TEGNA fell 3.5%, to $14.83.
For a full look at today’s closing prices, please visit the Wall Street Report on the homepage of RBR.com.
