Phoenix New Media (FENG) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Phoenix New Media (NYSE:FENG) posted its quarterly earnings data on Tuesday. The information services provider reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.04, MarketWatch Earnings reports. Phoenix New Media had a net margin of 0.53% and a return on equity of 0.34%. The business had revenue of $54.78 million during the quarter.

Shares of NYSE:FENG traded down $0.22 on Wednesday, hitting $3.91. 4,000 shares of the company were exchanged, compared to its average volume of 278,025. Phoenix New Media has a 1-year low of $2.75 and a 1-year high of $8.14. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $320.47 million, a P/E ratio of 443.00 and a beta of 1.67.

Separately, ValuEngine downgraded shares of Phoenix New Media from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd.

About Phoenix New Media

Phoenix New Media Limited provides content on an integrated Internet platform in the People's Republic of China. The company operates in two segments, Net Advertising Services and Paid Services. It offers content and services through three channels, including PC channel, mobile channel, and telecom operators, as well as transmits content to TV viewers, primarily through Phoenix TV.

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Earnings History for Phoenix New Media (NYSE:FENG)

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