Zynga Inc. (ZNGA) reported net income for the first quarter of $4.1 million or $0.00 per share, compared to a net loss of $85.4 million or $0.12 per share for the year-ago quarter.
Excluding items, adjusted net income for the first quarter was $9.1 million or $0.01 per share, compared to $47.0 million or $0.06 per share in the prior year quarter.
Revenue for the first quarter fell to $263.59 million from $320.97 million a year ago.
Analysts polled by Thomson Reuters expected the company to report a loss of $0.04 per share on revenue of $209.79 million for the first quarter. Analysts' estimates typically exclude special items.
Looking forward to the second quarter, the company forecast revenue of $225 million to $235 million and a loss of $0.05 to $0.03 per share. Analysts currently expect the company to report a loss of $0.01 per share on revenue of $236.12 million for the second quarter.
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