Zynga Stock Jumps on Strong Current Quarter Guidance

Zynga  (ZNGA) shares were up nearly 6% in morning trading Friday after the company forecast strong second quarter bookings after reporting strong first quarter results yesterday. 

The company forecast bookings of $205 million for the current quarter ending June 30, ahead of the $195.5 million analysts are expecting for the period. The company reported bookings of $175 million in the year ago period. 

The online game creator reported first quarter earnings of less than a penny, beating analyst expectations of a loss of two cents per share. The company also reported revenue of $194.3 million, ahead of Wall Street's $192.6 million. 

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