Investing.com - Phoenix New Media reported on Monday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Phoenix New Media announced earnings per share of -0.49 on revenue of 302.91M. Analysts polled by Investing.com anticipated EPS of 1.56 on revenue of 400.4M.
Phoenix New Media shares are down 36.71% from the beginning of the year, still down 80.72% from its 52 week high of 2.83 set on March 25, 2021. They are under-performing 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 missed by Deutsche Telekom ADR on February 24, who reported EPS of 0.2828 on revenue of 32.16B, compared to forecasts EPS of 0.2977 on revenue of 32.27B.
NetEase had beat expectations on February 24 with fourth quarter EPS of 9.9 on revenue of 24.37B, compared to forecast for EPS of 6.47 on revenue of 24.01B.
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