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Phoenix New Media: 1Q Earnings Snapshot

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