Tuesday, January 16, 2018
News: Page (1) of 1 - 02/15/12 Email this story to a friend. email article Print this page (Article printing at MyDmn.com).print page facebook
Zynga's stock falls after 4Q report disappoints
Zynga's stock slides after 4th-quarter earnings report shows some signs of a slowdown
By The Associated Press

NEW YORK (AP) ' Investors are selling shares of Zynga after the company behind the most popular Facebook games fell shy of high expectations for its first earnings report as a publicly traded company.

Zynga Inc. reported better fourth-quarter results than what Wall Street was expecting, at least according to the average estimate compiled by FactSet. But Barclays analyst Mark May says the results fell short of some recent, more bullish expectations.

Zynga's stock also enjoyed an ascent in the days leading up to its earnings report. The stock is down nearly 12 percent Wednesday.

May says he is downgrading Zynga's stock to "Equal-Weight" from "Overweight" in large part because of its recent price increase. Overall, though, he says he is positive on the company's long-term growth prospects.

Page: 1


Our Privacy Policy --- About The U.S. Daily News - Contact Us - Advertise With Us - Privacy Guidelines