Investing.com - Phoenix New Media reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Phoenix New Media announced earnings per share of 0.00 on revenue of 302.99M. Analysts polled by Investing.com anticipated EPS of 0.3 on revenue of 425.49M.
Phoenix New Media shares are down 18.37% from the beginning of the year, still down 54.15% from its 52 week high of 3.49 set on November 22, 2019. They are under-performing 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 October 29, who reported EPS of 12.37 on revenue of 96.15B, compared to forecasts EPS of 7.41 on revenue of 92.78B.
Alibaba ADR had beat expectations on November 5 with second quarter EPS of 18 on revenue of 155.06B, compared to forecast for EPS of 13.82 on revenue of 154.87B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar