Zynga Loss In Line With Estimates, Revenue Beats; Stock Up 5%

(RTTNews) - Zynga Inc (ZNGA) Thursday reported third-quarter net loss of $57 million or $0.06 per share compared with a loss of $68 thousand or $0.00 per share last year.

Excluding items, adjusted loss for the quarter was $0.01 per share compared with a loss of $0.02 per share a year ago.

Revenues for the quarter were lower by 13% at $176.6 million compared with $202.6 million in the prior year.

Analysts polled by Thomson Reuters estimated a loss of $0.01 per share on revenues of $171.7 million for the quarter. Analysts' estimates typically exclude special items.

For the fourth quarter, the company expects non-GAAP results to range between a loss of $0.01 per share and a profit of $0.01 per share. Revenues are estimated in the range of $170 million to $200 million.

Analysts expect earnings of $0.00 per share on revenues of $200.2 million.

For the full year, the company estimates adjusted results to range between a loss of $0.02 per share and breakeven earnings per share. Revenues are estimated in the range of $668 million to $698 million.

Analysts expect a loss of $0.01 per share on revenues of $709 million for the year.