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
