BEIJING (AP) _ Phoenix New Media Ltd. (FENG) on Monday reported a loss of $1.1 million in its second quarter.

On a per-share basis, the Beijing-based company said it had a loss of 2 cents. Earnings, adjusted for non-recurring costs, came to less than 1 cent on a per-share basis.

The online media company posted revenue of $39.8 million in the period.

In the final minutes of trading on Monday, the company's shares hit $1.33. A year ago, they were trading at $1.84.

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