Shares of online games purveyor Zynga (ZNGA) are down 29 cents cents, or 2%, at $14.04 in late trading after the company this afternoon reported Q4 revenue and profit ahead of expectations, and forecast the year’s EPS ahead of consensus, in its first report since going public in mid-December.
Revenue in the three months ended in December rose almost 60% to $311 million, yielding EPS of 5 cents a share.
Analysts had been modeling $301 million and 3 cents a share.
For the full year, the company projects bookings in a range of $1.36 billion to $1.45 billion, up from last year’s $1.16 billion.
The company sees EPS in a range of 24 cents to 28 cents, which is above the average 23-cent estimate.
Fin.
Related Articles:How You Can Benefit From An Auto Insurance Quote
Best College Majors by Salary
Tags: 2014 Growth Stocks ,Growth India Stocks 2014 ,Growth Stocks To Invest In ,Growth Stocks To Invest In 2014 ,Top Dividend Stocks 2012
No comments:
Post a Comment