Zynga reported earnings of 1 cent a share on $332 million in revenue for the quarter, while analysts polled by Thomson Reuters expected the company to report 6 cents a share on $344.85 million in revenue.
Zynga also cut its fiscal-year 2012 forecast to earnings of 4 cents to 9 cents a share, below analysts' forecasts of 27 cents. Zynga cited a decline in its existing Web games due to a "more challenging environment on the Facebook web platform" as one of the reasons for cutting its forecast. The company depends on Facebook for a significant portion of its revenue.
Zynga also said delays in new game launches and reduced expectations for its game Draw Something contributed to the reduced forecast.
Starwood Hotels and Resorts Worldwide (HOT) is trending as the hotel franchise posted a better-than-expected quarterly profit, but net income fell from a year earlier. Starwood's said quarterly profit was helped by an increase in room rates. The company said revenue per available room rose 6.9% in the quarter. Net income fell to $122 million, or 62 cents a share, down from $131 million, or 68 cents, a year earlier. The company said it expects positive trends to continue through the rest of the year. Starwood franchises hotel brands including W, Westin and Sheraton.
Nomura Holdings (NMR) is another popular search. The company's CEO Kenichi Watanabe has quit the investment bank, and Nomura has named Koji Nagai as his replacement.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV