"The change in outlook is primarily due to reduced expectations for certain web games including The Ville, and delays in launching several new games," Zynga said in its statement.
The news was also weighing on Facebook (FB - Get Report), which failed to make much hay with its announcement that it surpassed one billion monthly users . The stock added just 12 cents in the regular session to close at $21.95, but the lower outlook from partner Zynga, which has a revenue-sharing deal with Facebook, sent shares down 1.6% to $21.60 on volume of nearly 800,000.
Written by Michael Baron in New York.
>To contact the writer of this article, click here: Michael Baron.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts