Orlando, FL -- (SBWIRE) -- 08/29/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Zynga Inc(NASDAQ:ZNGA), Key Energy Services, Inc. (NYSE:KEG).
Zynga Inc(NASDAQ:ZNGA) shares gained 3.04% to $2.88. The company on August 13 announced the departure of several senior executives, including Chief Operating Officer David Ko, as part of a management shake-up under new Chief Executive Don Mattrick. The house cleaning comes a little more than a month after Mattrick, a former Microsoft Corp executive, was named Zynga CEO onJuly 3 and tasked with turning around the struggling game maker.
Additionally, the company on July 25 reported a second-quarter loss of $15.8 million, or 2 cents a share, compared with a loss of $22.8 million, or 3 cents a share. Revenue fell to $230.7 million from $332.5 million. On an adjusted basis, the company posted a loss of a penny a share. Analysts on average were expecting the social gaming company to report a loss of 3 cents a share on revenue of $227.2 million.
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Key Energy Services, Inc. (NYSE:KEG) shares gained 3.22% to $7.05. The company on July 25 said it generated second quarter 2013 consolidated revenues of $411.4 million and normalized pre-tax income from continuing operations of $2.2 million, or $0.01 per share. Normalized pre-tax income from continuing operations excludes $8.3 million, or $0.04 per share, of severance and restructuring costs. On a GAAP basis, the second quarter 2013 net loss from continuing operations was $4.1 million, or $0.03 per share. Both GAAP and normalized results include $2.3 million of pre-tax equipment mobilization costs associated with international operations.
Is KEG going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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