Focus Media (FMCN) Beats 1st Quarter Estimates

Focus Media Holding Limited FMCN released financial results on Thursday after the market closed that beat Wall Street estimates. Focus Media Holding Limited reported 1st quarter adjusted earnings of 16 cents per share, on revenue of $124.9 million. According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 15 cents per share. Shares of Focus Media Holding Limited were up nearly 3% at $15.50 per share in after hours trading.