Phoenix New Media Limited (NYSE:FENG) is reporting third quarter earnings results on Tuesday 17th November 2020, after market close.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 41.81 million ~ $ 44.64 million
Click Here For More Historical Outlooks Of Phoenix New Media Limited
Previous Quarter Performance
Phoenix New Media Limited posted income for the second quarter of $ 0.05 per share, from the revenue of $ 44.20 million. Wall street analysts are predicting revenue of $ 63.52 million The top line results fell short of analysts by $ 19.32 million or 30.42 percent.
Stock Performance
Shares of Phoenix New Media Limited traded low $ -0.02 or -1.22 percent on Monday, reaching $ 1.62 with volume of 309.90 thousand shares. Phoenix New Media Limited has traded high as $ 1.70 and has cracked $ 1.59 on the downward trend
According to the previous trading day, closing price of $ 1.62, representing a 42.61 % increase from the 52 week low of $ 1.15 and a 53.01 % decrease over the 52 week high of $ 3.49.
The company has a market capital of $ 118.11 million and is part of the Technology sector and Internet Content & Information industry.
Conference Call
Phoenix New Media Limited will be hosting a conference call at 8:00 PM eastern time on 17th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.ifeng.com
Phoenix New Media Limited provides content on an integrated Internet platform in the Peoples Republic of China. The company operates in two segments, Net Advertising Services and Paid Services. It offers content and services through three channels, including PC channel, mobile channel, and telecom operators, as well as transmits content to TV viewers, primarily through Phoenix TV.
