WANGJING, China (AP) — WANGJING, China (AP) — Phoenix New Media Ltd. (FENG) on Wednesday reported profit of $6.5 million in its fourth quarter.
On a per-share basis, the Wangjing, China-based company said it had profit of 54 cents. Earnings, adjusted for non-recurring gains, came to 38 cents per share.
The online media company posted revenue of $31.8 million in the period.
For the year, the company reported profit of $52,000. Revenue was reported as $109.5 million.
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