SAN FRANCISCO (AP) _ Zynga Inc. (ZNGA) on Wednesday reported a second-quarter loss of $911,000, after reporting a profit in the same period a year earlier.
The San Francisco-based company said it had a loss of less than 1 cent on a per-share basis. Earnings, adjusted for stock option expense and non-recurring costs, came to 2 cents per share.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The maker of "FarmVille" and other online games posted revenue of $217 million in the period. Its adjusted revenue was $233.9 million, topping Street forecasts. Six analysts surveyed by Zacks expected $229.7 million.
For the current quarter ending in October, Zynga said it expects revenue in the range of $248 million. Analysts surveyed by Zacks had expected revenue of $222.4 million.
In the final minutes of trading on Wednesday, the company's shares hit $3.85. A year ago, they were trading at $3.62.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ZNGA at https://www.zacks.com/ap/ZNGA