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Zynga: 3Q Earnings Snapshot

SAN FRANCISCO (AP) _ Zynga Inc. (ZNGA) on Wednesday reported third-quarter net income of $10.2 million.

On a per-share basis, the San Francisco-based company said it had net income of 1 cent. Earnings, adjusted for stock option expense, came to 3 cents per share.

The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.

The maker of "FarmVille" and other online games posted revenue of $233.2 million in the period. Its adjusted revenue was $248.9 million, which also fell short of Street forecasts. Seven analysts surveyed by Zacks expected $250.1 million.

For the current quarter ending in December, Zynga said it expects revenue in the range of $235 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 $3.67. A year ago, they were trading at $3.90.


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