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Pompano Beach, FL -- (SBWIRE) -- 02/06/2013 -- Social gaming firm which recently let off its number of games to unload the burden of costs, Zynga Inc. (NASDAQ:ZNGA) might have made its initial fortune on Facebook, but mobile is where it observes its profitable future. The social game maker’s afresh mobile-first focus was obvious in its newest financial earnings call.
What ZNGA’s Charts Are Signaling for Traders? Find Out Here
Zynga announced revenues of $311m for the Q4 last year, and a net loss of $48.6m. Sales were unchanged as compare to year ago same quarter, but bookings, the quantity truly spent within the firm’s games, were 15% lower. This, in a husk, indicates why Zynga requires robust mobile growth for this year.
David Ko, COO further stated on that, telling experts that while two years back Zynga (ZNGA) had almost 20 people aimed towards mobile gaming, now “most of the firm is aimed on the mobile opportunity as increasingly of their players were going to them from mobile.
So far today, Zynga Inc (NASDAQ:ZNGA) shares gained +3.65% to $2.84 while the stock is changing hands within a range of $2.76 – $2.90. In the past year, the stock has traded between $2.09 and $15.91. Its average daily trading volume is 19.95 million shares.
For How Long ZNGA will Fight for Profitability? Read This Trend Analysis report
Looking at other stocks in the same industry, Yelp Inc, AOL, Inc. and Web.com Group, Inc. are in the decliners list. Let’s have a quick look on their Market performance.
Yelp Inc (NYSE:YELP) shares are down -0.85% to $21.00 while the stock is trading within the range of $20.80 – $21.44 in the current trading session. In the last 12 months, shares have floated between $14.10 and $31.96. This stock, on average, has trading volume of 1.01 million shares.
Is it the Right to Grab YELP after the Recent Slump? Get Free Trend Analysis Here
In this session so far, AOL, Inc. (NYSE:AOL) shares moved down -0.13% reaching $30.46. The stock is trading in a range of $30.22 – $30.54. In the last year the stock has moved within a range of $16.80– $43.93. The Company’s average daily trading volume is 1.04 million shares.
Has AOL Found The Bottom and Ready To Move Up? Find Out Here
Another rival company, Web.com Group, Inc. (NASDAQ:WWWW), is trending -0.19% higher to $16.01. The stock price is hovering in range of $15.84 to $16.07. In the previous 52 weeks, shares price ranged between $12.22 and $19.72. Their average daily trading volume is 382,311 shares.
Will WWWW Get Buyers Even After The Recent Rally? Find Out Here
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