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.