znga Zynga forecasts current-quarter bookings above estimates
[Reuters]
ReutersMay 4, 2017
May 4 (Reuters) - Zynga Inc, creator of online game FarmVille, forecast an increase in current-quarter bookings above estimates on Thursday, helped by the strong performance of its titles such as Zynga Poker and Words with Friends.
The company forecast bookings of $205 million in the second quarter, which ends June 30, beating the $195.5 million expected by analysts polled by financial data and analytics firm FactSet StreetAccount. Zynga posted bookings of $175 million for the same period a year earlier.
Bookings, an important metric indicating future revenue, include the sales of virtual goods such as currency and lives.
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