Zynga reports 4th-quarter loss of $45.1 million



We also have more stories about:
(click the phrases to see a list)

Subjects:

Places:

 


SAN FRANCISCO — Zynga Inc. (ZNGA) on Thursday reported a loss of $45.1 million in its fourth quarter.

On a per-share basis, the San Francisco-based company said it had a loss of 5 cents. Losses, adjusted for one-time gains and costs, were less than 1 cent on a per-share basis.

The average estimate of analysts surveyed by Zacks Investment Research was also breakeven on a per-share basis.

The maker of "FarmVille" and other online games posted revenue of $182.4 million in the period, which missed Street forecasts. Analysts expected $199.8 million, according to Zacks.

For the year, the company reported that its loss widened to $225.9 million, or 26 cents per share. Revenue was reported as $694.3 million.

For the current quarter ending in March, Zynga expects its results to range from a loss of 7 cents per share to a loss of 6 cents per share.

The company said it expects revenue in the range of $140 million to $150 million for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $198.9 million.

In the final minutes of trading on Thursday, the company's shares hit $2.66. A year ago, they were trading at $4.63.

_____

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 http://www.zacks.com/ap/ZNGA

_____

Keywords: Zynga, Earnings Report

All content copyright ©2015 Daily Reporter, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Click here to read our privacy policy.
Daily Reporter • 22 W. New Road • Greenfield, IN 46140 • (317) 462-5528