Zynga Rallies 4% After Reporting Q1 Revenue Of $168M, EPS Of -$0.01

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TechCrunch

This afternoon following the bell, Zynga reported its calendar first-quarter financial performance including revenue of $168 million, bookings (non-GAAP) of $161 million, and earnings per share of -$0.01 (non-GAAP). Analysts had expected the company to report top line of $164 million, and a single cent per-share loss.

That revenue figure is a decline of 36 percent from the year-ago quarter. The company’s GAAP net loss of $61 in the quarter contrasts with a $4 million first-quarter 2013 profit. The company endured restructuring costs during the period.

In regular trading, Zynga fell around 2 percent. In after-hours trading following its earnings report, Zynga is up more than 4 percent.

The company indicated that its founder Mark Pincus will step down from his “operational role as Chief Product Officer at Zynga to focus on serving in his role as Chairman of the Board of Directors.” This clears the deck for new CEO…

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