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Los Angelas, CA -- (SBWIRE) -- 02/12/2013 -- Zynga Inc. (NASDAQ:ZNGA) was again in hot water on Tuesday as the stock was moving down hill with a rough slide of -5% on last check.
Shares of the social gaming firm have been on a tear lately, ending up 7% on Monday, enhanced by last week’s robust fourth-quarter earnings and the likelihood that New Jersey could legalize online gambling.
The San Francisco-located firm was another active premarket NASDAQ stock on volume of 419,196.
In its earnings announcement, ending a disastrous year for the firm, Zynga (ZNGA) reported that its complete year revenues were higher by 12 per cent ($1.28 billion), while monthly active users seems to have touched 300 million.
Zynga has let loose various high-profile staff in the past months, counting, but not limited to, Words with Friends creators Paul and David Bettner, chief marketing and revenue officer Jeff Karp and infrastructure CTO Allan Leinwand, second-in-command John Schappert, chief creative officer Mike Verdu, CFO David Wehner, along with vice presidents Bill Mooney and Brian Birtwistle.
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Apple Inc. (NASDAQ:AAPL) shares went down the most in more than two years after posting the most sluggish profit growth since 2003 and the weakest sales growth in 14 quarters, powering unease that rising costs and rivalry possibly will restrain growth. Apple launched the iPhone 5, iPad mini and a restyled Mac to attract customers in time for the first fiscal quarter, naturally its most profitable.
Apple estimates sales of $41 billion to $43 billion for the fiscal second quarter, currently on its track. That compares with expectations by analysts for revenue of $45.5 billion.
During the mid-day, Apple Inc. (AAPL) reported the fall of -2.60% to $438.81 with the total traded volume of 20.32 million shares. AAPL has outstanding shares of 939.04 million with the total market cap of 411.40 billion and its beta value stands at 1.21 times.
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