Zynga Inc (ZNGA)

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ZNGA: Zynga now +3.4% AH; Pincus stepping down from operational role

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Zynga now +3.4% AH; Pincus stepping down from operational role • 4:28 PM

Zynga (ZNGA) Mark Pincus, whose management style has often come under criticism, is stepping down from an operational role at the company, but will remain chairman. Pincus stepped down as CEO last year to make way for Don Mattrick.
Zynga also announces it has has hired Microsoft Xbox Live GM Alex Garden to be the head of Zynga Studios, gaming/entertainment industry vet Henry LaBounta to be its chief visual officer, and e-commerce industry vet Jennifer Nuckles to be its marketing chief.
Q2 guidance is for bookings of $175M-$195M and EPS of -$0.08 to -$0.07 vs. a consensus of $185.9M and -$0.01. 2014 guidance is for bookings of $770M-$810M and EPS of $0.01-$0.03 vs. a consensus of $783.6M and $0.01.
Q1 results, PR
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ZNGA price at time of publication: $4.42. Check ZNGA price now »

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