5 Stocks in Focus After Releasing Their Financial Results

In this article, we discuss the 5 stocks in focus after releasing their financial results. If you want to read our detailed analysis of these companies, go directly to the 11 Stocks in Focus After Releasing Their Financial Results.

5. Zynga Inc. (NASDAQ:ZNGA)

Number of Hedge Fund Holders: 47

Zynga Inc. (NASDAQ:ZNGA) recently missed profit and sales expectations for the first quarter. The interactive entertainment company reported earnings of 2 cents per share, compared to a loss of 2 cents per share in the year-ago period.

Revenue also inched down two percent versus last year to $691 million. Analysts were expecting Zynga Inc. (NASDAQ:ZNGA) to report earnings of 9 cents per share on revenue of $745.22 million.

If we look at the sales performance of the flagship segments of Zynga Inc. (NASDAQ:ZNGA), online game revenue slipped 3 percent to $538 million, while advertising & other revenue jumped 23 percent to $154 million in the quarter.

Speaking on the results, CEO Frank Gibeau said:

“Through continued execution across all aspects of our multi-year growth strategy including live services, new game development and investments in our advertising platform, new markets and technologies, we are strengthening our position as a leading mobile-first, free-to-play live services company.”