(Reuters) – Zynga Inc failed to boost the ranks of its online gamers in its first quarter as a public company, fanning worries that it will have to rely on new games and other ways to squeeze more revenue out of existing users. The stock fell 81 cents, or 6 percent, to $13.98 after-hours.
Facebook game star Zynga on Tuesday saw its stock market price sink after its first earnings report as a public company showed employee stock compensation turned profit into loss by the end of 2011. The San Francisco firm’s revenue last year nearly doubled to $1.14 billion but the profit on the books at the end of the third quarter was wiped out by a $435 million loss posted in the final three months of the year.
Gazprom Neft (GZPFY: OTC Link) | Gazprom Neft reports unaudited FY 2011 results in accordance with US GAAP
Feb 14, 2012 OTC Disclosure & News Service Moscow, Russian Federation – JSC Gazprom Neft has published its unaudited consolidated financial results in accordance with accounting principles generally accepted in the United States of America (US GAAP) for the year ended 31 December 2011.
Music artists have invited fans deeper into their lives through social media for years, but is the content they share online starting to capture the attention of Grammy voters? The 54th Grammy Awards airs Sunday, and the Recording Academy has declared digital, mobile and social media a focal point of this year’s proceedings. With more focus on social media, it’s hard not to wonder whether the medium now has any bearing on who wins music’s most-coveted trophies
6.8%: Standard & Poor’s 500 index increase in 2012 When it comes to the stock market, Jon Raynes has known only the credit crisis and its aftermath during his adult life, one reason the 22-year-old has played it safe with his investments. But Raynes said he is finally ready to raise his risk quotient, and the upcoming initial public offering of Facebook, which he uses, is tempting him to jump into the stock market, although not with both feet. “I have a feeling it’s going to blow up within the first couple weeks, and I want to see how I can come out on it,” he said.
NEW YORK – On a normal day, 4 billion shares of stock change hands on the New York Stock Exchange. One in 10 belongs to a single company
NEW YORK – Stocks staged an afternoon-long rally and closed higher Wednesday as Greece appeared to close in on the cost-cutting deal it needs to keep from defaulting on its national debt. The Dow Jones industrial average gained 5.75 points to close at 12,883.95 after falling as much as 60 points at midday
Image by Getty Images via @daylife Polo Ralph Lauren stock spiked Wednesday after the fashion line handily surpassed low expectations for its fiscal third quarter. Ralph Lauren‘s fiscal third-quarter profit went from $168.4 million a year go, or $1.72 earnings per share, to $169 million at $1.78 EPS—this bump in EPS was caused by lower oustanding shares than average during the quarter, the company said.