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Technology Stocks : Zynga, Inc.
ZNGA 8.1800.0%Sep 8 5:00 PM EST

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From: Glenn Petersen2/14/2012 4:38:34 PM
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ZNGA beats expectations.

The press release:

finance.yahoo.com

Zynga posts loss; adjusted earnings beat targets

By Dan Gallagher
Feb. 14, 2012, 4:13 p.m. EST

SAN FRANCISCO (MarketWatch) -- Zynga Inc. posted a net loss for the fourth quarter, though adjusted earnings for the quarter came in ahead of Wall Street's estimates. For the period ended Dec. 31, Zynga /quotes/zigman/7720406/quotes/nls/znga ZNGA -0.22% reported a net loss of $435 million, or $1.22 a share, compared to net earnings of $43 million, or 5 cents a share, for the same period the previous year. On a non-GAAP basis, the company said it would have earned $37.2 million, or 5 cents a share, for the recent period. Revenues jumped 59% to $311.2 million. Analysts were expecting earnings of 3 cents a share on revenue of $302 million, according to consensus forecasts from FactSet Research.

marketwatch.com
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