Spotify (SPOT) Reports Q4 Loss, Misses Revenue Estimates

Spotify (SPOT) came out with a quarterly loss of $0.39 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $1.43 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -387.50%. A quarter ago, it was expected that this music-streaming service operator would post a loss of $0.21 per share when it actually produced earnings of $0.36, delivering a surprise of 271.43%.Over the last four quarters, th ...