Zynga Inc., the mobile-games maker, fell as much as 21% in extended trading after projecting quarterly and full-year results that missed Wall Street estimates -- a sign the pandemic fueled surge in play has ended.
Zynga expects adjusted revenue of $660 million for the quarter ending in September, the company said Thursday. That’s short of the $721.3 million average of analysts’ estimates. The company also sees adjusted earnings of $145 million before interest, taxes, depreciation and amortization, less than what Wall Street projects. Results for the year will also miss.
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August 06, 2021 at 03:13AM
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Zynga Drops 21% After Outlook Falls Short of Estimates - Bloomberg
"drops" - Google News
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