Phoenix New media fell 1.37 dollars to 8.87 U.S. dollars, down 13.38%

Beijing time November 14 Evening News, Phoenix New Media (Nyse:feng) today before the plate plunged 13%, as of 21:55, Phoenix New media fell 1.37 U.S. dollars to 8.87 U.S. dollars, a decrease of 13.38%.

Phoenix New Media today released the third quarter of fiscal year 2013 as of September 30. The report shows that Phoenix New media in the third quarter total revenue of 378.7 million yuan (about 61.9 million U.S. dollars), than the same period last year, 286.4 million yuan growth of 32.3%; Net profit is 80 million yuan (about 13.1 million USD), 11.5 million yuan grew by 593.5% over the same period last year.

According to Yahoo's financial data, 2 of Wall Street analysts on average expect Phoenix new media to gain $0.8 per share in the third quarter. Earnings show, not according to the U.S. General Accounting standards, Phoenix New media in the third quarter after the adjustment per share diluted earnings of 0.17 U.S. dollars, less than analysts expected.

Also, on average, 3 Wall Street analysts expect Phoenix's new media to reach $381 million trillion in third-quarter earnings. According to earnings, Phoenix New media third-quarter revenue of 61.9 million U.S. dollars, less than analysts expected.

Morgan Stanley today issued an investment report to maintain the "overweight" rating of Phoenix's new media stocks.

Deutsche Bank published a study today to maintain the "buy" rating of Phoenix's new media stock and raise its target share price to $15.63.

JPMorgan released its investment report today to maintain a "overweight" rating on Phoenix's new media stocks, raising its target share price from $14 trillion to $15.