Pandora topped Q2 revenue targets and its stock just had a wild rebound (P)

Traders work at the kiosk where Pandora internet radio is traded on the floor of the New York Stock Exchange, in this June 15, 2011 file photo. REUTERS/Brendan McDermid/Files

Pandora released its Q2 earnings on Monday, topping Wall Street's revenue target and sending shares soaring 7% in after hours trading. 

The stock move was a rebound from a sell off earlier in the day that sent Pandora shares down 5% in regular trading, after the company announced it would shut down its services in Australia and New Zealand, and operate exclusively in the United States. 

Here's what it reported:

  • Earnings per share (non-GAAP) Pandora said it lost $0.21 per share in the second quarter, compared to analyst estimates of losses of $0.24 per share. In the same period last year, Pandora posted losses of $0.12 per share. 
  • Revenues (GAAP) were$376.8 million, compared to analyst estimates of $368.87 million. In the same period last year, Pandora posted $343 million in revenues. 

SEE ALSO: Pandora is shutting down in 2 of the 3 countries it operates in — and its stock is tanking

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