BEIJING (AP) _ Phoenix New Media Ltd. (FENG) on Monday reported a loss of $9.2 million in its first quarter.
On a per-share basis, the Beijing-based company said it had a loss of 13 cents. Losses, adjusted for non-recurring costs, came to 11 cents per share.
The online media company posted revenue of $45.3 million in the period.
For the current quarter ending in July, Phoenix New Media said it expects revenue in the range of $56.8 million to $59.2 million.
In the final minutes of trading on Monday, the company's shares hit $4.18. A year ago, they were trading at $3.38.
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