Zynga Stock Jumps 6% After Beating Q4 Earnings Estimates

Zynga reported better-than-expected revenue and earnings for the fourth quarter, but the business still has a long way to go towards profitability.

The gaming company reported earnings per share of $0.01 on revenue of $311.2 million in the December quarter, coming in well ahead of Wall Street's consensus estimate for EPS of -$0.03 on revenue of $212 million. Zynga also reported bookings of $261.3 million for the quarter, beating estimates of $222.4 million.

This, combined with better-than-expected guidance for the first quarter of 2013, helped push the stock price up by as much as 7% in after hours trading. However, this may be more of an indication of Wall Street's low expectations fo…
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