Phoenix New Media Q4 Adjusted Earnings Per ADS $0.23 Down From $0.60 YoY, Sales $29.80M Down From $32.47M YoY
Portfolio Pulse from Benzinga Newsdesk
Phoenix New Media (NYSE:FENG) reported a significant decrease in Q4 adjusted earnings per ADS, dropping to $0.23 from $0.60 YoY. Sales also decreased to $29.80M from $32.47M YoY.
March 12, 2024 | 9:15 pm
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Phoenix New Media reported a significant decrease in Q4 adjusted earnings per ADS and sales, indicating potential challenges in its business operations.
The significant decrease in both earnings per ADS and sales for Phoenix New Media suggests potential underlying challenges in the company's operations or market conditions. This could lead to negative investor sentiment in the short term, likely impacting the stock price negatively.
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