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Does Spotify Belong in Your Arsenal? With Wednesday s morning s selloff, the stock violated all three of my most focused upon moving averages. Stocks quotes in this article: SPOT, AMZN, AAPL Audio streaming and media service provider Spotify (SPOT) reported its first-quarter numbers Thursday morning. Results for the Europe-based firm were iffy, and that s how Wall Street is treating the stock. Spotify reported a GAAP loss of EUR0.25 per share, but beating consensus by impressively. Revenue generation for the period landed at EUR2.15 billion, in line with expectations and good for year-over-year growth of 16.2%. While those numbers look to be OK, some of the numbers within do not. Let s explore. ....
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