Benzinga | Nov 17, 2020 05:02PM EST

Phoenix New Media Q3 Sales $44.60M Miss $63.52M Estimate

Phoenix New Media (NYSE:FENG) reported quarterly sales of $44.60 million which missed the analyst consensus estimate of $63.52 million by 29.79 percent. This is a 16.16 percent decrease over sales of $53.20 million the same period last year.