— 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.
While the markets got a boost a couple of weeks ago after Congress passed the new stimulus bill, investors seem to have adopted a cautious stance as details of the
Delta Air Lines (NYSE: DAL) reported fourth quarter 2020 earnings results today. Operating revenues fell 65% year-over-year to $4 billion. The company reported a GAAP net loss of $755 million,
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