Updated: 2:09 p.m. PT: After months of cost-cutting and paring down, Zynga said it earned 1 cent per share on an adjusted basis in the fourth quarter as revenue fell 2 percent to $311.2 million. A year earlier, Zynga lost $1.12 a share in the same quarter.
The report was better than the consensus analyst estimate of a loss of 3 cents per share on revenue of $212 million. Zynga's GAAP earnings were 6 cents per share. The immediate reaction to the numbers in after-hours trading was a sharp surge in Zynga shares.
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