Zynga’s fourth quarter was strong and the company is humming along as its social games continue to lure users.
However, the company said first half sequential growth would be “slower” with a pick up in the last six months of the year.
That disclosure led to a 7 percent dip in after-hours trading.
Overall, Zynga’s quarter was better than expected. The company reported a fourth-quarter loss of $435 million, or $1.22 a share, on revenue of $311.2 million. Non-GAAP earnings were 5 cents a share.
Wall Street was looking for fourth-quarter non-GAAP earnings of 3 cents … Read more