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Zynga shares rise after top-line beat

Max A. Cherney

Zynga Inc. (znga) shares rose 4.1% in the extended session Wednesday after the company beat on the top line and issued better-than-expected third-quarter guidance. Revenue rose to $217.1 million from $209.2 million in the year-ago period, but Zynga and analysts use the change in deferred revenue and bookings to calculate and model the top line. Zynga stock closed up 1.6% to $3.85 during the regular session Wednesday and is down 3.8% this year.