— Zynga (NASDAQ: ZNGA) reported breakeven earnings for the fourth quarter of 2019.
— Revenue jumped 63% to $404 million vs. $418.6 million expected.
— Bookings rose 63% year-over-year to $433 million.
— Average mobile daily active users decreased 2% to 20 million.
— For fiscal 2020, Zynga expects net loss of $130 million or $0.14 per share and revenue of $1.6 billion.
— For the first quarter of 2020, Zynga projects net loss to be $26 million or $0.03 per share and revenue to be $385 million.
— ZNGA shares increased about 4% in the after-market session immediately after the earnings announcement.
After Novavax (NASDAQ: NVAX) reported its progress on developing the COVID-19 vaccine at the end of February, the shares of the company started trading in double-digits after a long time.
Cannabis was recognized as an essential business in several markets when the shutdown came into effect, including Canada and some US states, at a time when its legalization is getting
Eastman Kodak (NYSE: KODK) reported a loss of $5 million on revenue of $213 million in the second quarter of 2020. The company earned $201 million in the prior-year quarter.