Early Market Movers: Pandora (NYSE:P), Pixelworks (NASDAQ:PXLW), Agria Corp (NYSE:GRO)

Pandora (NYSE:P) was lower nearly 4% in recent pre-market trade even as it reported that listener hours on its internet radio service rose 9% to 1.51 billion in February. The number of active listeners rose 11% to 75.3 million. Pandora (NYSE:P)  said it plans to discontinue monthly disclosure of key audience metrics after a final monthly release in June 2014 for May. It will continue to provide metrics on a quarterly basis. Pandora (NYSE:P)  said recent market changes means other providers of metrics will give advertisers the necessary tools to make comparisons.

Shares of Pixelworks (NASDAQ:PXLW) surged in Thursday’s pre-market session, after the maker of video and pixel-processing semiconductors and software for digital-video applications disclosed in its annual 10-K filing late Wednesday that Apple (NASDAQ:AAPL) and NEC each represented more than 10% of its revenue in 2013.

Pixelworks (NASDAQ:PXLW)  was up 40% at $6.70 in recent pre-market trading. That puts the stock on track to surpass its 52-week high of $6.42 if the gain is sustained in the regular session. While the company previously has noted it has several big customers making up a large portion of its sales, it hadn’t listed Apple and NEC as customers in its prior-year 10-K, and the late-Wednesday filing was the first time the company publicly disclosed the relationship with Apple.

Pixelworks (NASDAQ:PXLW)  has listed NEC as a customer before, although it hadn’t previously made up so much of the company’s annual revenue. Hitachi continued to represent more than 10% of Pixelworks’ revenue in 2013, as it had in 2012 and 2011. Panasonic had represented more than 10% of its revenue in 2012 and 2011, but that didn’t continue in 2013.

Agria Corporation (NYSE:GRO) was higher more than 6% in recent pre-market trade after reporting a fiscal H1 profit compared to a loss in the same period a year ago and said it expects further consolidation of the agriculture industry.

The agricultural company said it swung to a profit in the six months ended Dec. 31 of RMB0.10 ($0.02) per share from a loss of RMB3.38 the year earlier. The total net profit attributable to Agria (NYSE:GRO) was $10.7 million ($2 million) compared to a loss of RMB374.8 million.

Sales meanwhile rose 6% to EMB3.22 billion. No analyst estimates were available for comparison. “With its global reach, the company believes it can tap opportunities in rapidly expanding markets, including South America and Asia,” Agria (NYSE:GRO) said in a statement, adding that it expects to see continued improvement in the fundamental performance across all of its business segments in the second half of this fiscal year.

“The company envisions finding new merger and acquisition opportunities in its target geographies, including South and North America and Asia.” It said it plans to to explore external financing options in order to facilitate expansion in these key target markets.