Benzinga | May 10, 2021 05:16PM EDT

Phoenix New Media Q1 Sales $34.50M May Not Compare To $63.52M Estimate

Phoenix New Media (NYSE:FENG) reported quarterly sales of $34.50 million which missed the analyst consensus estimate of $63.52 million by 45.69 percent. This is a 11.09 percent decrease over sales of $38.80 million the same period last year.