SAN FRANCISCO (AP) _ Zynga Inc. (ZNGA) on Wednesday reported a fourth-quarter loss of $3.5 million, 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 non-recurring costs and stock option expense, were 4 cents per share.
The results fell short of Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.
The maker of "FarmVille" and other online games posted revenue of $404.5 million in the period. Its adjusted revenue was $433.4 million, beating Street forecasts. Seven analysts surveyed by Zacks expected $417.6 million.
For the year, the company reported profit of $41.9 million, or 4 cents per share. Revenue was reported as $1.56 billion.
For the current quarter ending in April, Zynga said it expects revenue in the range of $400 million. Analysts surveyed by Zacks had expected revenue of $222.4 million.
The company expects a full-year loss of 14 cents per share, with revenue expected to be $1.75 billion.
Zynga shares have dropped 3% since the beginning of the year. The stock has climbed 29% in the last 12 months.