Why Zynga (ZNGA) Stock Is Lower Today

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.

Separately, 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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