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Zynga getting crushed after terrible earnings report

Eugene KimFeb 13, 2015, 03:00 IST

Zynga is getting destroyed after a terrible earnings report.

Its shares have crashed over 12% in after hours trading as the social gaming site missed estimates and lowered its guidance.

Its Q4 revenue was up 9% year-over-year at $193 million, but analysts were looking for $201.11.

It had a loss of $0.05 per share, while analysts were expecting $0.00 EPS.

It provided Q1 2015 guidance between $155 million to $165 million, significantly lower than the expectation between $187 million to $217.5 million.

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