NEW YORK (TheStreet) -- Shares of Zynga Inc
(ZNGA) are down -2.23% to $2.86 in early market trading as the company cut its full year outlook after reporting a decline in revenue for the second quarter.
The gaming company gave fiscal year 2014 EPS guidance of -1 cent to 0 cents, below the Thomson Reuters consensus EPS estimate of 2 cents.
Full year revenue guidance of $695 million to $725 million is lower compared to the consensus revenue estimate of $737.81 million.
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For the second quarter, Zynga matched analysts' expectations with non-GAAP earnings per share of 0 cents, better than -1 cent per share in the same quarter of 2013.
Revenue for the second quarter fell -34% to $153.2 million, lower than the $191.2 million expected by Thomson Reuters analysts.
- You can view the full analysis from the report here: ZNGA Ratings Report
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