Phoenix New Media: 3Q Earnings Snapshot

·1 min read

BEIJING (AP) _ Phoenix New Media Ltd. (FENG) on Tuesday reported a third-quarter loss of $140,000, after reporting a profit in the same period a year earlier.

On a per-share basis, the Beijing-based company said it had a loss of less than 1 cent.

The online media company posted revenue of $44.6 million in the period.

For the current quarter ending in December, Phoenix New Media said it expects revenue in the range of $49 million to $53.4 million.

In the final minutes of trading on Tuesday, the company's shares hit $1.59. A year ago, they were trading at $3.34.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FENG at https://www.zacks.com/ap/FENG

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