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Zynga shares plunge on lowered outlook

5th October 2012 7:56 am GMT

The world’s leading social games company Zynga has warned that full year revenues will be below previous expectations after a weaker than expected performance during the third quarter and delays in launching several new games.

The company said Thursday that it expects to report revenue in the range of $300m to $305m and bookings in the range of $250m to $255m for the third quarter ended September 30th, with a net loss of between $90m and [...]

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