Zynga Falls 3% After First Earnings Release
Online gaming company Zynga (NASDAQ: ZNGA) released its first ever public quarterly earnings report after the closing bell on Tuesday. The company reported a Q4 GAAP loss of $435.01 million or $1.22, versus a profit of $16.06 million or $0.05 per share, in the year ago period.
On a non-GAAP basis, which is comparable to analysts' consensus, ZNGA reported EPS of $0.05 versus $0.09 in last year's corresponding quarter. This compared to Wall Street consensus EPS estimates of $0.03.
Revenues for the fourth quarter were $311.24 million compared to $195.76 million last year. Bookings were up to $306.5 million for Q4, which was a 26% year over year increase. Heading into the report, analysts had consensus revenue estimates of $302 million.
Looking ahead, ZNGA sees non-GAAP earnings per share between $0.24 to $0.28 in fiscal 2012.
In the after hours trading session, ZNGA shares have lost 2.52% to $13.99 at last check.
