Zynga Inc (ZNGA)

[Trevor11]

ZNGA: Q2 BEATING STREET, WITH $209.2 MILLION, $3.95 SHARE-HIGH





Q2 BEATING STREET, WITH $209.2 MILLION, $3.95 SHARE-HIGH, AFTER HOURS



The maker of "FarmVille" and other online games POSTED REVENUE OF $209.2 MILLION IN THE PERIOD, BEATING STREET FORECASTS.


ZYNGA MEETS 2Q PROFIT FORECASTS

ASSOCIATED PRESS

2 AUGUST 2017


SAN FRANCISCO (AP) _ ZYNGA INC. (ZNGA) ON WEDNESDAY REPORTED SECOND-QUARTER NET INCOME OF $5.1 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 NET INCOME OF 1 CENT. EARNINGS, ADJUSTED FOR STOCK OPTION EXPENSE, WERE 2 CENTS PER SHARE.
THE RESULTS MATCHED WALL STREET EXPECTATIONS.

The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 2 cents per share.
The maker of "FarmVille" and other online games POSTED REVENUE OF $209.2 MILLION IN THE PERIOD, BEATING STREET FORECASTS.
Four ANALYSTS SURVEYED BY ZACKS EXPECTED $206.4 MILLION.



FOR THE CURRENT QUARTER ENDING IN OCTOBER, ZYNGA SAID IT EXPECTS REVENUE IN THE RANGE OF $205 MILLION. ANALYSTS SURVEYED BY ZACKS HAD EXPECTED REVENUE OF $209.9 MILLION.
IN THE FINAL MINUTES OF TRADING ON WEDNESDAY, THE COMPANY'S SHARES HIT $3.58. A year ago, they were trading at $2.85.

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This story was generated by Automated Insights (automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ZNGA at https://www.zacks.com/ap/ZNGA

Source:
https://uk.news.yahoo.com/zynga-meets-2q-profit-forecasts-223011161.html






Source:
http://www.nasdaq.com/symbol/znga/after-hours