Tomahawk, WI 7/25/2013 (Basicsmedia) – Zynga, Inc. (NASDAQ:ZNGA) is a leading developer of online games played on internet, social networking sites and various mobile platforms. The Company has a clientele all over the world. Once seen as the leader of social games played on Facebook, Zynga has been surpassed by King, developer of now popular “Candy Crush Saga.”

Zynga, Inc. is going to announce its 2Q2013 results after close on Thursday, July 25, 2013. A conference call will be held by the Company at 5 PM ET to declare its results. During the same quarter last year, Zynga had reported a loss of $22.8 million, or $0.03 per share. Revenue growth was reported at 19% to $332 million, lower than that was being expected from the Company at the time.

Market and stock analysts are expecting the Firm to declare a loss of $0.03 to $o.o4 per share with a revenue of $228.5 million as per various polls conducted at the Wall Street by brokers including Thomson Reuters.  Zynga had forecast an adjusted loss of $0.03 to $0.04 per share in June 2013, on expected revenue of $225 to $235 million. Analysts expect the quarterly revenue to decline 38.5% from $301.59 million to $185.42 million. Revenue for the Company has grown at a rate of -18%, Nil, 3% and 19% during the last four quarters.

Even with Zynga having crested the Street view with its earnings for the last two quarters, the Street is still not very enthusiastic about Zynga’s earnings as the losses are paramount. Zynga had confirmed 520 job cuts in the month of June 2013 to narrow down its losses in view of a rapid reduction in fan-following of web-based social games.

 Zynga is now concentrating on developing platforms for mobile gaming experience. This is being seen as an effort to revive its business strategies and earnings, which have suffered setbacks from social PC games. The firm has been largely affected by more and more people shifting from PC equipment to mobile devices like smart phones and tablets. Even though Zynga has shifted its focus towards other revenue sources like ads and in-app sales, the results are not matching the expectations with a significant fall of 18% recorded in total sales. Lately, with Don Mattrick replacing former CEO Mark Pincus, investors have regained confidence in the Firm, believing that Mattrick’s experience with Microsoft Corp. might play a significant role in the Company’s efforts to regain its No. 1 spot in the industry.

The stock has seen a significant activity over last one month, gaining 27.38% in a month to close at $3.28 on Wednesday, July 24, 2013. The stock has gained 32.79% in last six months, even though it is trading 31.67% below its 52 week high of $5.25. The stock was traded in a range of $3.23 to $3.40 during the trading session on Wednesday. The volume traded for the stock on Wednesday was also recorded to be significantly below its daily traded average of 22.02 million shares at 20.14 million shares traded during the session.

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