Seeking Alpha

Zynga (ZNGA) warns it expects 2012 bookings of $1.085B-$1.1B, below already lowered guidance of...

Zynga (ZNGA) warns it expects 2012 bookings of $1.085B-$1.1B, below already lowered guidance of $1.15B-$1.225B. The company expects Q3 revenue to reach $300M-$305M (above a $275.9M consensus), but forecasts bookings will amount to just $250M-$255M. Zynga blames weakness in games within its web "invest and express" category (e.g. FarmVille, CityVille). Also, an $85M-$95M write-down is being taken on the OMGPOP acquisition. Shares are halted, and will resume trading at 5.05PM ET.
Comments (9)
  • J Mintzmyer
    , contributor
    Comments (3658) | Send Message
     
    Always has been a worthless company. The loss is going to be massive, still room for an earnings play on 1w options.
    4 Oct 2012, 05:16 PM Reply Like
  • applesucks
    , contributor
    Comments (2) | Send Message
     
    http://seekingalpha.co...
    5 Oct 2012, 04:30 AM Reply Like
  • applesucks
    , contributor
    Comments (2) | Send Message
     
    Read this one by seeking alpha - they said $25 was an attractive price for zynga
    5 Oct 2012, 04:31 AM Reply Like
  • Aristiphones
    , contributor
    Comments (1327) | Send Message
     
    it's 700 pm. do you know where your info dump is?
    4 Oct 2012, 07:17 PM Reply Like
  • Rabbi Dingles
    , contributor
    Comments (19) | Send Message
     
    Headed to $2.
    4 Oct 2012, 08:24 PM Reply Like
  • marcinz
    , contributor
    Comments (34) | Send Message
     
    I`m thinking it`s going below $2
    4 Oct 2012, 10:02 PM Reply Like
  • winningtrader
    , contributor
    Comments (2476) | Send Message
     
    I think it is going to 0 but may take a bit of time.
    5 Oct 2012, 07:26 AM Reply Like
  • gwynfryn
    , contributor
    Comments (4175) | Send Message
     
    Can I buy in at 0? Or, maybe call...
    5 Oct 2012, 08:52 AM Reply Like
  • surfnspy
    , contributor
    Comments (415) | Send Message
     
    "invest and express"??? WTF?
    5 Oct 2012, 01:23 AM Reply Like
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