What caused FENG's EPS drop in 2023?

Phoenix New Media's (FENG) EPS dropped to -$0.03 in 2023, primarily due to declining revenues and sales: 1. **Revenue Decline**: The company has experienced a decline in revenue, which is a significant factor in the decrease in EPS. This decline in revenue may be due to various factors such as market conditions, competition, or changes in consumer behavior. 2. **Sales Decline**: Along with revenue decline, Phoenix New Media has also faced a decline in sales. This decline in sales can directly impact the company's profitability, leading to a decrease in EPS. 3. **Market Conditions**: The overall market conditions, including economic downturns, industry trends, and regulatory changes, can also contribute to a company's financial performance. It is possible that Phoenix New Media faced challenging market conditions in 2023, which affected its revenue and sales. 4. **Short Interest**: As of August 31st, 2023, there was short interest totaling 9,200 shares, a decrease of 5.2% from the August 15th total of 9,700 shares. Based on an average trading volume of 46,700 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are sold short. Short interest can sometimes impact a stock's price and investor sentiment, potentially contributing to a decline in EPS if it leads to a decrease in the company's market value or if it reflects negative expectations among investors. In conclusion, the drop in FENG's EPS in 2023 is primarily due to a combination of declining revenues and sales. These declines can be attributed to various factors including market conditions, competition, and company-specific challenges such as sales decline and revenue decline.