Zynga‘s third-quarter results came in better than analysts had expected, sending the company’s stock up more than 15% in after-hours trading.
The company reported bookings of $152 million for the quarter and a loss of 2 cents a share, which beat the $142.7 million and the 4 cents, respectively, that Wall Street had predicted
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The third quarter was the first one with new CEO Don Mattrick, who replaced Mark Pincus in July. The company also launched several new titles during the quarter, including Fairy Tale Twist, Ninja Kingdom and New Scramble With Friends. None were huge breakout hits on the order of FarmVille, which, along with Zynga Poker and Words With Friends, remain its most popular games Read more…
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Read more : Zynga Stock Up More Than 15% After Beating Q3 Earnings
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