Zynga (ZNGA) mentioned its second-quarter loss narrowed to $15.8 million, or 2 cents a share, from a loss of $22.8 million, or 3 cents a share, a year ago. Zynga (ZNGA) also announced dropping plans to pursue a license for on the internet gambling inside the Usa, sending the company’s shares sharply reduce.
The company also warned of additional losses in the present quarter.
Shares of Zynga dropped 14% in after-hours trading and fell additional (18%) in pre-market activity just after Chief Operations Officer David Ko told investors on a conference get in touch with late Thursday that Zynga would continue its on the web gambling efforts inside the Uk, but that it was”making the concentrate choice” to not pursue it for the Usa, soon after applying for any gaming license in December in Nevada.
In June Zynga (ZNGA) announced that it would lay off 18% of its workforce as part of an work to stabilize finances. In July, CEO and founder Mark Pincus stepped down.
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