Zynga Tops Sales Estimates on ‘Hidden Chronicles’ Lure
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Zynga Inc., the biggest developer of games for social-networking sites, topped analysts’ fourth-quarter revenue estimates as new titles such as “Hidden Chronicles” and “CastleVille” added millions of players.
Sales rose 59 percent to $311.2 million in the period, San Francisco-based Zynga said today in a statement. Analysts had predicted $301.1 million on average, according to a Bloomberg survey. Excluding some costs, profit was 5 cents a share, higher than the 3-cent estimate.