11:50 AM Zynga (ZNGA +9.1%) is adding to its post-earnings gains, maybe with the help of short-covering. In addition to the Q4 beat (fueled by cost cuts), Mark Pincus' earnings call remarks about focusing on profitability by steering resources towards online gambling, existing hits such as FarmVille 2, and a handful of new "midcore" titles seem to be going over well. Jefferies and Evercore remain cautious, noting visibility is low (no 2013 top-line guidance) and bookings are expected to fall again in Q1. Facebook (FB +1.5%) is up a bit. Read comments
FB price at time of publication: $29.01. Check FB price now »
Focus Articles on FB
- Why Does Facebook Trade At A 50% Discount To Its High Growth Peers? by Timothy Phillips
- Another Iffy Quarter For Facebook When It Needed A Win by Insider Monkey
- Facebook Is A Mobile Company, But It Still Trades Below Syndicate by Valuentum
Press Releases on FB
- Facebook Reports Fourth Quarter and Full Year 2012 Results (PR Newswire)
- Facebook to Announce Fourth Quarter and Fiscal 2012 Results (PR Newswire)
- Facebook Reports Third Quarter 2012 Results (PR Newswire)
Related Articles on FB
- Zynga 4Q12: Farmville 2 Surprises, Mobile Monetization Shows Promise by Sneha Shah
- Why Secret Product Announcements Hurt Tech Stocks by Ian Wyatt
- 4 Things To Watch Ahead Of Zynga's Earnings by Chris Lau
StockTalk on FB: FB StockTalk | Twitter FB | Twitter $FB | FB Instablogs
Recent Market Alerts on FB: All currents | Earnings | Dividends | M&A | On the move
Transcripts on FB
- Facebook's CEO Discusses Q4 2012 Results - Earnings Call Transcript
- Facebook's CEO Discusses Q3 2012 Earnings Results - Earnings Call Transcript
- Facebook Management Discusses Q2 2012 Results - Earnings Call Transcript
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