Zynga Posts Loss in First Earnings Report
Zynga Inc. issued its first earnings report as a public company on Tuesday, posting mixed results that included a 59 percent gain in sales but also a loss for the period that helped whipsaw the social gaming firm’s shares in late trading.
Zynga, the publisher of social games such as Words With Friends and FarmVille, went public in a $1 billion offering in December, one of a number of young Internet companies to stage an IPO of late.