Benzinga | Aug 17, 2020 05:05PM EDT

Phoenix New Media Q2 EPS $(0.03) Up From $(0.13) YoY, Sales $44.20M Miss $63.52M Estimate

Phoenix New Media (NYSE:FENG) reported quarterly losses of $(0.03) per share. This is a 76.92 percent increase over losses of $(0.13) per share from the same period last year. The company reported quarterly sales of $44.20 million which missed the analyst consensus estimate of $63.52 million by 30.41 percent. This is a 23.19 percent decrease over sales of $57.55 million the same period last year.