Investing.com - Phoenix New Media reported on Monday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Phoenix New Media announced earnings per share of 6.25 on revenue of 360.98M. Analysts polled by Investing.com anticipated EPS of 0.8371 on revenue of 493.47M.
Phoenix New Media shares are up 55% from the beginning of the year, still down 29.81% from its 52 week high of 2.65 set on February 16. 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 missed by Walmart on February 18, who reported EPS of 1.39 on revenue of 152.08B, compared to forecasts EPS of 1.51 on revenue of 148.49B.
Home Depot had beat expectations on February 23 with fourth quarter EPS of 2.65 on revenue of 32.26B, compared to forecast for EPS of 2.63 on revenue of 30.63B.
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