Analysts see recovery sprouting at "FarmVille" creator Zynga
Friday, November 16, 2012 3:19 AM
Posted by gamefbi
(Reuters) - Zynga Inc's quarterly revenue beat and its higher full-year earnings forecast show the embattled "FarmVille" creator may be on the path to recovery, analysts said, with at least one brokerage upgrading the company's stock. Shares of the company rose 18 percent to $2.50 in early trade on Thursday on the Nasdaq. Since going public at $10 per share last December, Zynga has lost over three-quarters of its market value as the company struggled with delays in launching new titles as older ones fell out of favor. ...
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