SAN FRANCISCO — Zynga Inc. (ZNGA) on Tuesday reported third-quarter net income of $3.1 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the San Francisco-based company said it had profit of less than 1 cent.
The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The maker of "FarmVille" and other online games posted revenue of $176 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $167.8 million.
For the current quarter ending in December, Zynga said it expects revenue in the range of $170 million to $185 million. Analysts surveyed by Zacks had expected revenue of $194.1 million.
In the final minutes of trading on Tuesday, the company's shares hit $2.45. A year ago, they were trading at $2.56.
Keywords: Zynga, Earnings Report