For the second quarter Zynga broke even on earnings, meeting analysts' expectations. Revenue fell 33.6% to $153.2 million for the quarter. Analysts surveyed by Thomson Reuters expected revenue of $191.2 million for the quarter.
Zynag said it had 29 million daily active users in the second quarter, down from 39 million in the year-ago quarter. Montly active users fell to 130 million from 187 million in the second quarter of 2013.
Must read: Warren Buffett's 25 Favorite StocksSTOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. TheStreet Ratings team rates ZYNGA INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation: "We rate ZYNGA INC (ZNGA) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, weak operating cash flow and generally disappointing historical performance in the stock itself."
- You can view the full analysis from the report here: ZNGA Ratings Report
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