Zynga reported its fourth quarter financial performance today after the bell, including revenue of $192.5 million and earnings per share of $0.00. Investors had expected the company to earn $0.00 on revenue of $201.11 million. The firm also reported bookings in the quarter of $182.4 million.
The company’s flat earnings per share is based on adjusted profit. Using normally accepted accounting methods, Zynga lost $45.13 million, or $0.05 per share. In the year-ago period, Zynga had revenue of $176.36 million, on which it lost $25.24 million, or $0.03 cents per share. So, Zynga grew its revenue by just over 9 percent in the last year.
Zynga announced in its earnings that it will close its games studio in China, impacting 71 employees. The company anticipates savings of $7 million per year.
The company was off around 5 percent today in regular trading, and, following its missed earnings has tanked nearly 10 percent after hours.
On a more positive note, Zynga has cash and equivalents of $1.15 billion, and saw its
The company’s flat earnings per share is based on adjusted profit. Using normally accepted accounting methods, Zynga lost $45.13 million, or $0.05 per share. In the year-ago period, Zynga had revenue of $176.36 million, on which it lost $25.24 million, or $0.03 cents per share. So, Zynga grew its revenue by just over 9 percent in the last year.
Zynga announced in its earnings that it will close its games studio in China, impacting 71 employees. The company anticipates savings of $7 million per year.
The company was off around 5 percent today in regular trading, and, following its missed earnings has tanked nearly 10 percent after hours.
On a more positive note, Zynga has cash and equivalents of $1.15 billion, and saw its
Written by Unknown
We are Creative Blogger Theme Wavers which provides user friendly, effective and easy to use themes. Each support has free and providing HD support screen casting.
0 comments:
Post a Comment