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Feb. 5, 2020, 5:05 p.m. EST

Zynga shares rise 6% on earnings beat

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By Jon Swartz

Zynga Inc. /zigman2/quotes/209662259/composite ZNGA -0.57% shares were up 6% in after-hours trading Wednesday after the online-gaming developer reported fourth-quarter earnings that beat Wall Street expectations. Zynga said it lost $4 million, or breakeven per share, in the quarter, versus a net income of $1 million, or breakeven per share, in the year-ago fourth quarter. Revenue surged 63% to $404 million from $249 million a year ago. Analysts surveyed by FactSet had expected a loss of 3 cents a share on sales of $418 million. Zynga shares are up 31.5% over the last 12 months. The S&P 500 index /zigman2/quotes/210599714/realtime SPX +1.05% has gained 22.1% the last year.

/zigman2/quotes/209662259/composite
US : U.S.: Nasdaq
$ 10.38
-0.06 -0.57%
Volume: 17.06M
July 10, 2020 4:00p
P/E Ratio
162.44
Dividend Yield
N/A
Market Cap
$11.20 billion
Rev. per Employee
$510,528
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/zigman2/quotes/210599714/realtime
US : S&P US
3,185.04
+32.99 +1.05%
Volume: 2.41B
July 10, 2020 5:09p
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