Online game company Zynga (NASDAQ:ZNGA) announced that it expects a loss for the third quarter due to weak demand, as well as costs related to mobile game maker OMGPop. The company expects a loss of 12 to 14 cents per share on revenue of $300 million to $305 million. Analysts had expected a breakeven quarter on revenue of $286.7 million.
The company also cut full year guidance, saying it expects booking of $1.09 billion to $1.1 billion, down from $1.15 billion to $1.23 billion.
Shares are sharply lower in early trading.
The company made a name for itself by creating popular Facebook (NASDAQ:FB) games such as Farmville and Cityville.
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