Zynga Reports Weak Earnings: Hot Trends

NEW YORK (TheStreet) -- Popular searches on the Internet include Zynga (ZNGA) as the social gaming company reported second-quarter earnings far below expectations.

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.

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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.

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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.

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