Zynga Sinks After Hours On Weak Outlook, Q4 Revenue Miss

shares slid in the extended session Thursday after the company offered a first-quarter outlook below views. The social game developer's shares changed hands recently down more than 10 percent to $2.39. "We would like to go faster, but we are being methodical and purposeful about our decisions." Chief Executive Don J. Mattrick said in a press release. Mattrick added that the company's $1.1 billion in cash and marketable securities "gives us staying power and the ability to invest in our future growth." Zynga forecast a first-quarter adjusted loss between $0.01 cent and $0.02 cents a share, on $155 million to $165 million in revenue. Analysts expected a break-even quarter on an adjusted basis, on revenue of $200.1 million. The company's fourth-quarter net loss widened to $45.1 million, or $0.5 cents a share, from $25.2 million, or $0.03 cents a share. On an adjusted basis, results were break-even per share, while revenue grew to $192.6 million, from $176.4 million a year ago. Wall Street expected a break-even quarter on an adjusted basis, with revenue of $201.1 million.