BEIJING (AP) — BEIJING (AP) — Phoenix New Media Ltd. (FENG) on Tuesday reported a loss of $2.9 million in its third quarter.
The Beijing-based company said it had a loss of 24 cents per share. Losses, adjusted for stock option expense and non-recurring costs, were 23 cents per share.
The online media company posted revenue of $21.1 million in the period.
For the current quarter ending in December, Phoenix New Media said it expects revenue in the range of $24.6 million to $27.4 million.
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