Commerce

Zynga Shares Trading Higher Ahead of Fourth-Quarter Earnings

Published on February 5, 2013
by Tricia Duryee

Zynga is trading higher this morning after an analyst upgraded the company’s stock to “buy.” The social games company will report fourth-quarter earnings this afternoon. The stock was up nearly 6 percent to $2.70 a share after Bank of America/Merrill Lynch said it was more optimistic about the company’s performance and investors’ increased appetite for public companies with developing businesses models. The company is expecting earnings of up to $162 million before some expenses on quarterly bookings of up to $1.1 billion.

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