NEW YORK (TheStreet) -- Shares of Zynga Inc (ZNGA) are surging 6.14% to $2.51 in early market trading Friday, after the social video game company updated its guidance and said it expects fourth quarter revenue of $170 million to $200 million, in line with expectations of $200 million.
The mobile gaming company also reiterated its full year forecast of $695 million to $725 million, higher than the $709 million analysts are expecting.
Zynga reported third quarter revenue of $176.6 million, lower than the $202.6 million from last year, but topping the $171.7 million analysts expected.
The company also reported net loss of $57.1 million for the third quarter, or a net loss of 1 cents per diluted share excluding certain items, in line with what analysts were expecting.
Separately, TheStreet Ratings team rates ZYNGA INC as a Sell with a ratings score of D.
- You can view the full analysis from the report here: ZNGA Ratings Report