Zynga Has Another Bad Quarter
San Francisco Chronicle, Thursday, July 26, 2012 11:11 AM
Sending its stock tumbling on Wednesday, Zynga reported a second-quarter loss, with adjusted earnings and revenue below Wall Street's modest expectations. The online social-game maker said it lost
$22.8 million during the quarter -- down from $1.4 million year-over-year. As SFGate.com reports, the company behind Facebook games such as "CityVille" and "FarmVille" also lowered its outlook for the
year because of delayed games, reduced expectations for the "Draw Something" game it recently purchased, and what it called a "more challenging environment on the Facebook Web platform."
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