Investing.com - Phoenix New Media reported on Monday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Phoenix New Media announced earnings per share of -1.84 on revenue of 244.61M. Analysts polled by Investing.com anticipated EPS of 0.8513 on revenue of 309.69M.
Phoenix New Media shares are up 33.33% from the beginning of the year, still down 43.46% 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 Communication Services sector earnings this month
Phoenix New Media's report follows an earnings beat by Alphabet C on October 26, who reported EPS of 27.99 on revenue of 65.12B, compared to forecasts EPS of 23.83 on revenue of 63.53B.
Alphabet A had beat expectations on October 26 with third quarter EPS of 27.99 on revenue of 65.12B, compared to forecast for EPS of 23.73 on revenue of 63.53B.
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