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Zyngas losses for 3rd quarter

Posted by on Oct. 5, 2012 at 2:38 AM
  • 4 Replies
NEW YORK (AP) — Zynga expects a loss for the third quarter and says its preliminary results reflect weak demand for some games. It's also taking a charge related to its acquisition of OMGPop, a mobile game maker.

The San Francisco-based online game company said Thursday that it sees a net loss of 12 to 14 cents per share. Excluding one-time items the company expects to break even or post a loss of 1 cent per share.

Zynga Inc. also forecast revenue of $300 million to $305 million.

Analysts expect breakeven earnings on revenue of $286.7 million, according to FactSet.

Zynga will take a charge of $85 million to $95 million on its OMGPop acquisition, the company behind "Draw Something."

Zynga shares tumbled 15 percent in after-hours trading.
Posted on CafeMom Mobile
by on Oct. 5, 2012 at 2:38 AM
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Replies (1-4):
Dodie702
by Doriane on Oct. 5, 2012 at 3:55 PM
That's a bummer.
Posted on CafeMom Mobile
Ambear72
by Amber on Oct. 5, 2012 at 10:31 PM

 yea I agree

NV_Mom
by Bronze Member on Oct. 9, 2012 at 11:48 AM

Wow that is crazy. I did buy Draw Something when it first came out and more recently Song Pop.

DixieL
by Dixie on Oct. 9, 2012 at 12:04 PM


Quoting Dodie702:

That's a bummer.

I agree.

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