Internet radio company

(NYSE:

) released its fiscal first-quarter earnings results on Thursday after the closing bell. The company reported in-line earnings per share and revenue which was above Wall Street expectations. Pandora also lifted its fiscal 2014 earnings and revenue outlook, sending the stock up around 8 percent in after-hours trading. Ahead of the report, during regular trading hours, Pandora shares rose better than 4 percent. The stock is now sitting at a new 52-week high of $18.54. For the first-quarter, Pandora reported a net loss of $28.6 million or $0.16 per share, compared to a net loss of $20.2 million or $0.12 per share, in last year's corresponding period. On an adjusted basis, which is comparable to analysts' consensus, the company reported a net loss of $18.2 million or $0.10 per share, versus a loss of $14.0 million or $0.08 per share, in last year's first-quarter. This was in-line with analysts' consensus EPS estimates. Revenue for the period was up 55 percent to $125.51 million from $80.78 million last year. Adjusted revenue rose 58 percent to $128.5 million from $81.53 million a year ago. This came in ahead of street consensus sales estimates of $123.83 million. Looking ahead to Q2, Pandora guided for adjusted EPS between a loss of $0.02 and a profit of $0.01 on revenue of $155 million to $160 million. Currently, analysts are modeling EPS of $0.01 on revenue of $149.70 million for the second-quarter. For fiscal 2014, Pandora raised its guidance to a range of an adjusted EPS loss of $0.02 and a profit of $0.08 on revenue of $615 million to $635 million. Previously, the company had guided for an adjusted EPS loss of $0.05 and a profit of $0.05 on revenue of $600 million to $620 million. Currently, analysts expect the company to report a profit of $0.01 per share on revenue of $616.73 million for the fiscal year.