Why Zynga (ZNGA) Stock Is Down in After-Hours Trading Today

NEW YORK (TheStreet) -- Zynga (ZNGA) was falling 11.3% to $2.59 after-hours Thursday after missing analysts' estimates for revenue in the second quarter.

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.

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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."

ZNGA ChartZNGA data by YCharts

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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