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Zynga (ZNGA): Q2 EPS of -$0.01 beats by $0.03. Revenue of $188M beats by $2.5M. Shares...

Zynga (ZNGA): Q2 EPS of -$0.01 beats by $0.03. Revenue of $188M beats by $2.5M. Shares +3.7% AH. (PR)
Comments (10)
  • LYogi
    , contributor
    Comments (1991) | Send Message
     
    This company's upside is scary good. I'm going long and staying that way.
    25 Jul 2013, 04:10 PM Reply Like
  • LYogi
    , contributor
    Comments (1991) | Send Message
     
    foot in mouth
    25 Jul 2013, 04:34 PM Reply Like
  • bdy
    , contributor
    Comments (150) | Send Message
     
    I wouldn't call it scary but that's a big percent age revenue beat
    25 Jul 2013, 04:13 PM Reply Like
  • LYogi
    , contributor
    Comments (1991) | Send Message
     
    I'm talking about current valuation vs. future valuation
    25 Jul 2013, 04:14 PM Reply Like
  • Philip Marlowe
    , contributor
    Comments (920) | Send Message
     
    The revenue beat was very small. There is some confusion about the numbers. Analysts do not predict revenue per say, but bookings. In terms of bookings the "beat" was only 2.5 mil and was only due to lowered expectations.

     

    The q3 projected bookings are awful 125-150 mil as compared to 192 mil analyst expectations. That is a HUUUGE miss. Probably as big of a miss as I have ever seen in terms of revenue numbers.
    25 Jul 2013, 04:33 PM Reply Like
  • losbronces
    , contributor
    Comments (616) | Send Message
     
    They also announced they won't pursue a license for "for real money gaming in the U.S." That had to be a disappointment for some shareholders too.
    25 Jul 2013, 04:39 PM Reply Like
  • losbronces
    , contributor
    Comments (616) | Send Message
     
    I'm seeing it down to 3.24 afterhours.
    25 Jul 2013, 04:19 PM Reply Like
  • LYogi
    , contributor
    Comments (1991) | Send Message
     
    That party sure didn't last long!!
    25 Jul 2013, 04:25 PM Reply Like
  • User 12412261
    , contributor
    Comment (1) | Send Message
     
    sorry, but znga announced in their conference call that they are not going to pursue online gambling in the us. stock down in the afterhours to 2.99 and going down.
    25 Jul 2013, 05:10 PM Reply Like
  • slcUTAH
    , contributor
    Comments (504) | Send Message
     
    There's no reason to invest in Zynga with the news of no online gambling in the United States. To make matters worse their guidance was horrible. IMO, the games only won't don't it. Perhaps the new CEO was brought in to try to get the company sold??
    25 Jul 2013, 05:26 PM Reply Like
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