Phoenix New Media Q2 EPS $(0.34) Up From $(1.07) YoY, Sales $24.85M Down From $28.61M YoY
Portfolio Pulse from Benzinga Newsdesk
Phoenix New Media (NYSE:FENG) reported Q1 losses of $(0.34) per share, a 66.67% improvement from $(1.02) per share YoY. However, sales decreased by 10.36% to $24.80 million from $27.66 million YoY.
August 15, 2023 | 9:08 pm
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Phoenix New Media reported improved Q1 losses but a decrease in sales YoY.
While Phoenix New Media has managed to reduce its losses significantly, the decrease in sales could be a concern for investors. This mixed result makes the short term impact on the stock price uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100