Zynga Breaks Even and Beats Revenue, But Guidance Too Low for Investors

Zynga announced fourth-quarter results after market close Wednesday, breaking even on earnings and exceeding revenue expectations. The company's guidance was pessimistic, however, coming short of analyst expectations. The company posted a Q4 EPS of a breakeven versus an estimated breakeven. Fourth-quarter revenues beat expectations $185.7 million to $178.6 million. The company's first-quarter guidance came in lower than expectations, with a revenue range of $160-$175M against an estimated $172.3M. EPS forecast was $(0.01)-breakeven against an estimated breakeven. The lower-than-expected guidance hurt the stock after hours, bringing it down around 6 percent.