Zynga reports second-quarter loss but tops expectations

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SAN FRANCISCO — Zynga Inc. (ZNGA) on Thursday reported a loss of $26.9 million in its second quarter.

On a per-share basis, the San Francisco-based company said it had a loss of 3 cents. Losses, adjusted for one-time gains and costs, came to 1 cent per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.

The maker of "FarmVille" and other online games posted revenue of $174.5 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $157.2 million.

For the current quarter ending in October, Zynga expects its results to range from a loss of 2 cents per share to a loss of 1 cent per share.

The company said it expects revenue in the range of $155 million to $170 million for the fiscal third quarter. Analysts surveyed by Zacks had expected revenue of $176.2 million.

In the final minutes of trading on Thursday, the company's shares hit $2.45. A year ago, they were trading at $2.79.


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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