Zynga Q3 Loss Narrows - Quick Facts

(RTTNews) - Zynga, Inc. (ZNGA) Thursday said third-quarter loss narrowed to $68 thousand from $52.73 million in the same period last year. On a per-share basis, earnings were breakeven, compared to a loss of $0.07.

Adjusted loss for the quarter was $16.22 million or $0.02 per share. On average, 24 analysts polled by Thomson Reuters expected the company to report a loss of $0.04 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues decreased to $202.58 million from $316.64 million last year. Analysts expected revenues of $142.67 million.

For the second quarter, the company currently projects a loss ranging between $0.04 to $0.03 per share, with adjusted earnings in the order of $0.05 to $0.04 per share.

Revenues are expected to be in a range of $175 million to $185 million. Analysts currently expect the company to report a loss of $0.03 per share on revenues of $147.85 million.