Zynga: 3Q Earnings Snapshot

Associated Press
Updated ·1 min read

SAN FRANCISCO (AP) _ Zynga Inc. (ZNGA) on Wednesday reported a third-quarter loss of $122.2 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the San Francisco-based company said it had a loss of 11 cents. Losses, adjusted for non-recurring costs and stock option expense, were 3 cents per share.

The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.

The maker of "FarmVille" and other online games posted revenue of $503.3 million in the period. Its adjusted revenue was $628 million, also falling short of Street forecasts. Eight analysts surveyed by Zacks expected $628.1 million.

Zynga shares have risen 61% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $9.87, a rise of 58% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ZNGA at https://www.zacks.com/ap/ZNGA