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Phoenix New Media: 2Q Earnings Snapshot

BEIJING (AP) _ Phoenix New Media Ltd. (FENG) on Monday reported a second-quarter loss of $10.3 million, 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 14 cents. Losses, adjusted for one-time gains and costs, came to 13 cents per share.

The online media company posted revenue of $57.5 million in the period.

For the current quarter ending in October, Phoenix New Media said it expects revenue in the range of $54.7 million to $57.7 million.

In the final minutes of trading on Monday, the company's shares hit $2.76. A year ago, they were trading at $4.35.


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