Zynga Inc. (ZNGA) stock prices updated...
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Zynga Inc. stock price
Zynga Inc. latest news:
Zynga up 10% after earnings, acquisition announcement
Zynga shares shot up 10% to $4.05 in early afternoon trading Wednesday. If Zynga stock hangs on to the gains and closes above $4, it will be the first time since 2014. The San Francisco-based company has beat analyst estimates for 11 straight quarters, according to FactSet. Investors propelled shares above $4 after the company announced third-quarter earnings after the bell Tuesday. Executives reported net income of $18.1 million on sales of $224.6 million. The company also announced that it was acquiring Peak Games, a developer that specializes in mobile card games. Zynga shares have gained 57% this year, with the S&P 500 index rising 15%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Why Zynga Is Back
BRIEF-Zynga reports Q3 EPS $0.02
Zynga Inc(ZNGA): * Qtrly earnings per share $0.02; Qtrly revenue $224.6 million, up 23 percent. * Says entered agreement to acquire Peak Games' mobile card game studio for total consideration of $100 million in cash. * Qtrly bookings of $213.5 million, up 9 percent. * Qtrly average monthly active users 80 million versus 66 million.