Investing.com - Phoenix New Media reported on Monday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Phoenix New Media announced earnings per share of -0.4 on revenue of 226.09M. Analysts polled by Investing.com anticipated EPS of -1.16 on revenue of 365.23M.
Phoenix New Media shares are up 31.67% from the beginning of the year, still down 43.77% from its 52 week high of 2.81 set on March 25. They are outperforming the EUR/USD which is down 0% from the start of the year.
Phoenix New Media follows other major Services sector earnings this month
Phoenix New Media's report follows an earnings beat by Amazon.com on April 29, who reported EPS of 15.79 on revenue of 108.52B, compared to forecasts EPS of 9.54 on revenue of 104.51B.
Visa A had beat expectations on April 27 with second quarter EPS of 1.38 on revenue of 5.73B, compared to forecast for EPS of 1.27 on revenue of 5.56B.
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