Zynga Q2 Loss Narrows - Quick Facts

(RTTNews) - Zynga Inc. (ZNGA) reported net loss for the second quarter of $15.8 million or $0.02 per share, narrower than $22.8 million or $0.03 per share for the year-ago quarter.

Excluding items, adjusted net loss for the latest second quarter was $6.1 million or $0.01 per share, compared to net income of $4.5 million or $0.01 per share in the prior year quarter.

Revenue for the second quarter fell to $230.74 million from $332.49 million in the comparable quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report a loss of $0.04 per share on revenue of $185.42 million for the second quarter. Analysts' estimates typically exclude special items.

Looking forward to the third quarter, the company forecast a loss of $0.05 to $0.02 per share, non-GAAP loss of $0.09 to $0.05 per share and revenue of $175 million to $200 million. Analysts currently expect the company to report a loss of $0.02 per share on revenue of $192.76 million for the third quarter.