Shares of Yahoo! Inc. (NASDAQ:YHOO) ended Friday session in green amid volatile trading. The shares closed up +0.35 points or 0.82% at $43.28 with 7.34 million shares getting traded. Post opening the session at $43.27, the shares hit an intraday low of $43.08 and an intraday high of $43.60 and the price vacillated in this range throughout the day. The company has a market cap of $41.70 billion and the numbers of outstanding shares have been calculated to be 951.78 million shares.
Yahoo! Inc. (YHOO) CFO Ken Goldman will participate in a question-and-answer session at the Citi Global Technology Conference in New York.
The session is scheduled to begin on Wednesday, September 7, 2016, at 7:15 a.m. PT / 10:15 a.m. ET.
A live webcast of the session will be available on the Investor Relations website at http://yhoo.client.shareholder.com/events.cfm?CalendarID=5.
Shares of Zynga Inc (NASDAQ:ZNGA) ended Friday session in green amid volatile trading. The shares closed up +0.04 points or 1.49% at $2.72 with 13.41 million shares getting traded. Post opening the session at $2.69, the shares hit an intraday low of $2.69 and an intraday high of $2.76 and the price vacillated in this range throughout the day. The company has a market cap of $2.39 billion and the numbers of outstanding shares have been calculated to be 764.83 million shares.
Zynga Inc (ZNGA) on Aug. 04, 2016 announced financial results for the second quarter ended June 30, 2016.
- GAAP revenue of $182 million and GAAP net loss of $4 million
- Bookings of $175 million; above the high end of the guidance range, flat year-over-year and down 4% sequentially
- Adjusted EBITDA of $12 million; above the guidance range
- $868 million in cash, cash equivalents and marketable securities
- GAAP operating expenses of $132 million, down 15%, quarter-over-quarter
- Non-GAAP operating expenses of $118 million; down 5% quarter-over-quarter, driven by a 14% reduction in marketing expenses
“We are continuing to make great progress in our turnaround. Our Q2 bookings and Adjusted EBITDA were both above the high end of our guidance range, with bookings at $175 million and Adjusted EBITDA at $12 million. In Q2, we launched 4 new games, including the successful release of NaturalMotion’s highly anticipated CSR2. Our top live services saw growth, with Words With Friends, Social Slots and Zynga Poker delivering strong results this quarter. We are tightening our operating model and improving our cost management as we do more with less, particularly in marketing. While we have more work to do in our turnaround, I am encouraged to see the momentum we feel in our products and company show up in our results,” said Frank Gibeau, CEO of Zynga.