Reuters: Technology News: Zynga reports $85 million quarterly loss

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Zynga reports $85 million quarterly loss Apr 26th 2012, 20:28 Tweet Share this Email Print Related News UPDATE 4-United results hit by fuel costs, merger glitches 12:16pm EDT UPDATE 4-US Steel outlook disappoints, stock falls Tue, Apr 24 2012 UPDATE 4-McGraw-Hill gets lift from commodity business Tue, Apr 24 2012 Facebook reveals revenue, profit slide ahead of IPO Mon, Apr 23 2012 Netflix spooks Street with sputtering user growth Mon, Apr 23 2012 Analysis & Opinion 'Hunger Games' feeds fan cravings with 2nd box office win The corporate logo for Zynga is seen on a screen outside the Nasdaq Market Site in New York, December 16, 2011. Credit: Reuters/Brendan McDermid SAN FRANCISCO | Thu Apr 26, 2012 4:28pm EDT SAN FRANCISCO (Reuters) - Zynga Inc posted a first-quarter loss of $85 million, or 12 cents a share. That compares to earnings of $17 million a year earlier. On an adjusted basis, the social gaming company reported a profit of $47 million. Revenue was $321 million, an increase of 32 percent from a year earlier. Analysts on average were expecting revenue of $317.25 million, according to Thomson Reuters I/B/E/S. (Reporting by Gerry Shih; Editing by Dale Hudson) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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