Zynga (ZNGA) Cuts Q3 Outlook; Cites 'Weakness in Certain Games'
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'Words With Friends' Co-Creators Leave Zynga (ZNGA)
October 5, 2012 4:14 PM EDTZynga (Nasdaq: ZNGA) shares ended a little higher at the end of the day amid reports that "Words With Friends" developers left the company.
Co-creators Paul and David Bettner affirmed leaving the company to VentureBeat today. No comment was made... More
Unusual 11 Mid-Day Movers 10/05: (PPP) (SNSS) (ZNPT) Higher; (CTIC) (MRCY) (ZNGA) Lower
October 5, 2012 1:23 PM EDTPrimero Mining Corp. (NYSE: PPP) 33.7% HIGHER; announced today that the Company's Mexican subsidiary has received a positive ruling from the Mexican tax authorities (Servicio de Administracion Tributaria) on its Advance Pricing Agreement ("APA") filing made in October 2011. The ruling confirms that the Company's Mexican subsidiary appropriately records revenue and taxes from sales under the silver purchase agreement(1) at realized prices rather than spot prices effective from August 6, 2010.
Cell Therapeutics, Inc. (Nasdaq: CTIC) 24.8% LOWER;announced the pricing of an... More
Evercore Cuts Facebook (FB) Numbers in Wake of Zynga (ZNGA) Pre-Announcment
October 5, 2012 10:54 AM EDTIn the wake of Zyngas (Nasdaq: ZNGA) pre-announcement, Evercore Partners cut its revenue and EPS outlook on Facebook (Nasdaq: FB).
"For the quarter, Zynga expects to report bookings in the range of $250 million to $255 million. Flowing... More
Wedbush Keeps Zynga (ZNGA) at Outperform - Crazy or Crazy Like a Fox?
October 5, 2012 9:52 AM EDTAfter yesterdays third quarter warning and pre-announcement by online gaming company Zynga (Nasdaq: ZNGA), few analysts are willing to hang onto an Outperform rating. While Wedbush cut its price target to $4 from $7, it kept its Outperform rating, which turned a few heads.
"While we would normally be inclined to downgrade the company's shares... More
Goldman Sachs Discusses Facebook (FB) In Light of Zynga's (ZNGA) Latest Warning
October 5, 2012 8:59 AM EDTAnalysts at Goldman Sachs weighed in on Facebook (NASDAQ: FB) Friday following another profit warning from key partner Zynga (NASDAQ:... More
Analyst Says Zynga (ZNGA) Will Finally Hit Floor at $1.70
October 5, 2012 8:37 AM EDTYesterday Zynga (NASDAQ: ZNGA) announced preliminary third quarter results and a reduction to full-year guidance, prompting a sharp, 20 percent selloff in the stock. Considering the breadth of the decline, many are wondering where the bottom is. Analyst at Evercore Partners, who are underweight... More
Baird Downgrades Zynga (ZNGA) to Neutral Following Warning
October 5, 2012 7:12 AM EDTBaird downgraded Zynga (NASDAQ: ZNGA) from Outperform to Neutral and cut its price target in half - from $6 to $3 - following lower guidance... More
Zynga (ZNGA) Resumes, Now Down 13%
October 4, 2012 5:05 PM EDTZynga (Nasdaq: ZNGA) resumes trading down 13.0 percent.... More
Zynga (ZNGA) to Resume at 5:05PMET After Warning
October 4, 2012 4:54 PM EDTZynga (NASDAQ: ZNGA) will resume trading at 5:05PM ET after its latest warning.
Zynga expects to report revenue in the range of $300 million to $305 million, versus the consensus of $275.9 million. Zynga expects non-GAAP EPS between $0.00 and ($0.01) for the third quarter, versus the... More
Facebook (FB) On Watch After Zynga (ZNGA) Warns Again
October 4, 2012 4:52 PM EDTTraders are watching Facebook, Inc. (NASDAQ: FB) following a warning from partner Zynga (NASDAQ: ZNGA), which cited weakness in certain games
Zynga expects to report revenue in the range of $300 million to $305 million, versus the consensus of $275.9 million.... More
