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vor 6 Jahre veröffentlicht #
  • asdf555999
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    SAN FRANCISCO (Reuters) - Zynga Inc raised the lower end of its 2012 earnings outlook after quarterly revenue beat Wall Street's rock-bottom expectations, driving its shares 13 percent higher.
    As pressure fell on the embattled "FarmVille" creator to show Wednesday that it has stabilized its spiraling business, the company wholesale jerseys assuaged investors with a series of minor announcements, from a new deal with British firm bwin.party to offer online real-money gambling in the United Kingdom to a $200 million share buyback plan that would lift its dismal share price.
    The company also projected that its cost reduction plan, initiated this week, would yield $15 million to $20 million in pretax savings.
    The spate of news proved a rare bright spot for Zynga, which has been trying to stave off user losses that prompted it to slash its 2012 outlook twice in recent months.
    "On the margin these are positive things," said Arvind Bhatia, an analyst with Sterne Agee. "But fundamentally they'll still have to turn around the business. I'm not so sure these are necessarily enough to get this stock going much higher."
    Even taking into account the after-hours share rally, Zynga would still have lost three-quarters of its market value since debuting last December at $10.
    CEO Mark Pincus sounded chastened on a conference call with Wall Street analysts on Wednesday, repeatedly calling Zynga's recent performance "disappointing" while vowing to turn around the company he founded in 2006 by churning out new hits for china Jordan shoes wholesale mobile devices.
    "The last couple of months have obviously been challenging for us," said Pincus, who blamed delays and poor execution in the company's game development pipeline. "We didn't create enough new heat for our players. But we know when we launch great games our players engage."
    A day after Zynga cut five percent of its workforce and announced it would shutter several game studios around the world, Pincus reiterated his vision of a leaner, more nimble Zynga - a company once known for its aggressive pace of expansion.
    For instance, Zynga cut bait this week on "The Ville," a major initiative that never gained traction after its public debut this summer. "That game missed our expectations but we moved quickly to reduce and redeploy that team," Pincus said.

    vor 6 Jahre veröffentlicht #

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