Phoenix New Media (FENG) Reports In-Line Q2 EPS

Phoenix New Media (NYSE: FENG) reported Q2 EPS of RMB0.56, in-line with the analyst estimate of RMB0.56. Revenue for the quarter came in at RMB422.9 million versus the consensus estimate of RMB430.46 million.

Business Outlook

For the third quarter of 2015, the Company expects its total revenues to be between RMB373 million and RMB393 million. Net advertising revenues are expected to be between RMB290 million and RMB300 million. Paid service revenues are expected to be between RMB83 million and RMB93 million. These forecasts reflect the Company's current and preliminary view on the market and operational conditions, which are subject to change.

For earnings history and earnings-related data on Phoenix New Media (FENG) click here.

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