Phoenix New Media: 4Q Earnings Snapshot
BEIJING (AP) _ Phoenix New Media Ltd. (FENG) on Monday reported fourth-quarter net income of $131 million, after reporting a loss in the same period a year earlier.
The Beijing-based company said it had net income of $1.80 per share. Losses, adjusted for non-recurring gains, came to 16 cents per share.
The online media company posted revenue of $67.6 million in the period.
For the year, the company reported net income of $104.5 million, or $1.44 per share, swinging to a profit in the period. Revenue was reported as $219.9 million.
For the current quarter ending in April, Phoenix New Media said it expects revenue in the range of $36.3 million to $39.2 million.
In the final minutes of trading on Monday, the company’s shares hit $1.23. A year ago, they were trading at $4.27.