Zynga's stock rises ahead of second quarter earnings results, plummets to new low after hours
Zynga’s stock rose from Friday through the stock market’s closing today, ahead of the company’s second quarter earnings call. The developer’s shares rose from $4.50 on Friday to a high point of $5.22 before today’s final price of $5.08. Following the call, though, after-hours trading shows the stock at an all-time low of $3.17 a share (a 37.57 percent decrease).
COO John Schappert described Q2 as “a challenging quarter” during the earnings call. The company’s revenue came in at $332 million this quarter, as opposed to earlier estimates of $344.12;
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