Investing.com - Phoenix New Media reported on Monday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Phoenix New Media announced earnings per share of -0.96 on revenue of 345.85M. Analysts polled by Investing.com anticipated EPS of -0.86 on revenue of 444.53M.
Phoenix New Media shares are down 1.53% from the beginning of the year and are trading at 1.930 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Phoenix New Media follows other major Services sector earnings this month
Phoenix New Media's report follows an earnings beat by Amazon.com on Thursday, July 30, 2020, who reported EPS of 10.3 on revenue of 88.91B, compared to forecasts EPS of 1.48 on revenue of 81.45B.
Visa A had beat expectations on Tuesday, July 28, 2020 with third quarter EPS of 1.06 on revenue of 4.84B, compared to forecast for EPS of 1.03 on revenue of 4.82B.
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