Summary Box: Zynga reports 1Q net loss

AP News
Posted: Apr 26, 2012 5:34 PM
Summary Box: Zynga reports 1Q net loss

THE RESULTS: Online games company Zynga Inc. reported a net loss in the first quarter because of stock compensation expenses, but adjusted earnings and revenue beat Wall Street's expectations.

THE NUMBERS: Zynga's net loss was $85.4 million, or 12 cents per share, in the January-March period. It had earnings of $16.8 million a year earlier, when it was still a private company. Adjusted earnings were 6 cents per share. Revenue grew 32 percent to $321 million from $243 million.

OUTLOOK: For all of 2012, Zynga expects adjusted earnings of 23 cents to 29 cents per share. Analysts are forecasting 27 cents.