Zynga Shares Climb As Sales Top Forecasts

Zynga Inc. on Thursday reported a third-quarter loss of $57.1 million, or 6 cents a share, on revenue of $176.6 million, compared with a loss of $68,000, or break-even on a per-share basis, on $202.6 million in sales in the year-ago period. Excluding one-time items, the social and mobile-gaming company lost a penny share. That result met the estimates of analysts surveyed by FactSet, who also forecast Zynga to report $171.3 million in revenue. For its fourth quarter, Zynga estimates it will lose a penny a share or earn as much as a penny a share on revenue between $170 million and $200 million. Zynga shares rose more than 7% in after-hours trading.