WANGJING, China (AP) — WANGJING, China (AP) — Phoenix New Media Ltd. (FENG) on Tuesday reported a loss of $4.2 million in its first quarter.
The Wangjing, China-based company said it had a loss of 34 cents per share.
The online media company posted revenue of $21.4 million in the period.
For the current quarter ending in June, Phoenix New Media said it expects revenue in the range of $25.1 million to $27.2 million.
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