By allowing ads to appear on this site, you support the local businesses who, in turn, support great journalism.
Zynga reports loss of $4.5M
Placeholder Image

SAN FRANCISCO (AP) — Zynga Inc. (ZNGA) on Thursday reported a loss of $45.1 million in its fourth quarter.

On a per-share basis, the San Francisco-based company said it had a loss of 5 cents. Losses, adjusted for one-time gains and costs, were less than 1 cent on a per-share basis.

The average estimate of analysts surveyed by Zacks Investment Research was also breakeven on a per-share basis.

The maker of “FarmVille” and other online games posted revenue of $182.4 million in the period, which missed Street forecasts. Analysts expected $199.8 million, according to Zacks.

For the year, the company reported that its loss widened to $225.9 million, or 26 cents per share. Revenue was reported as $694.3 million.

For the current quarter ending in March, Zynga expects its results to range from a loss of 7 cents per share to a loss of 6 cents per share.

The company said it expects revenue in the range of $140 million to $150 million for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $198.9 million.

In the final minutes of trading on Thursday, the company’s shares hit $2.66. A year ago, they were trading at $4.63.