Investing.com - Phoenix New Media reported on Monday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Phoenix New Media announced earnings per share of 0.04 on revenue of 312.28M. Analysts polled by Investing.com anticipated EPS of -0.39 on revenue of 275.07M.
Phoenix New Media shares are up 10.83% from the beginning of the year, still down 53.00% from its 52 week high of 2.83 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 July 29, who reported EPS of 15.12 on revenue of 113.08B, compared to forecasts EPS of 12.23 on revenue of 115.42B.
Alibaba ADR had beat expectations on August 3 with first quarter EPS of 16.6 on revenue of 205.74B, compared to forecast for EPS of 14.32 on revenue of 209.11B.
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