Zynga beats 3Q profit and revenue expectations

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SAN FRANCISCO — Zynga Inc. (ZNGA) on Tuesday reported third-quarter net income of $3.1 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the San Francisco-based company said it had profit of less than 1 cent.

The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.

The maker of "FarmVille" and other online games posted revenue of $176 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $167.8 million.

For the current quarter ending in December, Zynga said it expects revenue in the range of $170 million to $185 million. Analysts surveyed by Zacks had expected revenue of $194.1 million.

In the final minutes of trading on Tuesday, the company's shares hit $2.45. A year ago, they were trading at $2.56.


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

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