Phoenix New Media (FENG) Tops Q3 EPS by 3c, Beats on Revenues; Offers FY17 Business Outlook

Phoenix New Media (NYSE: FENG) reported Q3 EPS of $0.01, $0.03 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $64 million versus the consensus estimate of $60.91 million.

Business Outlook

For the fourth quarter of 2017, the Company expects its total revenues to be between RMB433.0 million and RMB448.0 million. Net advertising revenues are expected to be between RMB386.2 million and RMB396.2 million. Paid services revenues are expected to be between RMB46.8 million and RMB51.8 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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