Zynga Is Getting Destroyed After A Terrible Earnings Report
The stock has been on a wild ride after-hours. It dropped hard, then bounced back to be down 2%, then it fell more than 14%, and now it's down 9%.
It missed expectations and lowered its guidance.
Revenue was $153 million versus expectations of $191 million. It provided Q3 guidance of $160-$170 million, which is way below analyst expectations of $212.35 million.
More to come...