Zynga reported a disappointing second quarter, cut its outlook, and saw its shares plunge after hours. The big question: Is the social-gaming run over?
The company behind Farmville, Words With Friends, and other games distributed mostly via Facebook reported a second-quarter net loss of $22.8 million, or 3 cents a share, on revenue of $332.5 million. Non-GAAP earnings, which exclude charges, were a penny a share in the second quarter. Wall Street was looking for Zynga to report earnings of 5 cents a share on revenue of $344.1 million.
Zynga's outlook was also … Read more