Phoenix New Media (FENG) Tops Q2 EPS by 2c

Phoenix New Media (NYSE: FENG) reported Q2 EPS of ($0.01), $0.02 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $44.7 million versus the consensus estimate of $52.44 million.

Business Outlook

For the third quarter of 2016, the Company expects its total revenues to be between RMB342 million and RMB362 million. Net advertising revenues are expected to be between RMB301 million and RMB316 million. Paid service revenues are expected to be between RMB41 million and RMB46 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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