By late morning, shares had taken off 2.3% to $4.32.
The social games developer said it expects second-quarter revenue between $140 million and $160 million with net losses of 7 cents to 8 cents a share.
Analysts surveyed by Thomson Reuters had forecast revenue of $179.17 million and break-even per-share earnings.
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. Among the areas we feel are negative, one of the most important has been weak operating cash flow."
- You can view the full analysis from the report here: ZNGA Ratings Report