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Zynga Overwrites Its Forecast And Poorly At Facebook:

  

Zynga Overwrites Its Forecast And Poorly At Facebook

Zynga has crushed its prediction of benefit for 2012 after a second quarter well below expectations, making dive the title of 40% in after-market transactions.

The developer of the games FarmVille and Hidden Chronicles, wheres available on Facebook was also down the title of the social network of 7% Aftermarkets.

Zynga said anticipate for the entire exercise a benefit of 4 to 9 cents per share, while he meant until then a range of 23 to 29 cents.

Quarterly sales rose to $ 332,4 million, well below the Thomson Reuters I/B/E/S consensus that was $ 344,12 million.

On an adjusted basis, the group shows a loss of $ 22.8 million or 3 cents per share, against a profit of 1.4 million a year earlier. Excluding certain elements, EPS spring to 1 cent, far from 5 cents expected by Wall Street.

The quarter was a disaster, the group said for some time that the decline in attendance has no importance, but clearly it has. The decline of some of its stars in terms of attendance was huge“, says Sterne Agee analyst of Arvind Bhatia.

The Zynga title plunged after the publication of results, falling $ 3 after the session to $5,078 on Nasdaq.



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