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Zynga shares fall on outlook as Don Mattrick takes over as CEO

Zynga shares fall on outlook as Don Mattrick takes over as CEO

Shares of social video game company Zynga Inc. fell more than 14% in after-hours trading after the company on Thursday gave revenue and earnings guidance that fell short of analysts' expectations.  The San Francisco company said revenue for the third quarter will be $175 million to $200 million. That's less than the $214.3 million analysts were expecting. Third-quarter net loss could be 2 cents a share to 5 cents a share, while analysts had expected a 2 cents-per-share loss. The company has struggled to repeat the early success of hit games such as FarmVille and has cut staff as it turns its focus to mobile games. In a conference call with analysts,...

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