Zynga profit falls due to game costs

Filed under: AM Roundup |

Zynga, the maker of the popular Farmville game on Facebook, announced lower than expected profits in the fourth quarter – and its stock fell 11 percent in early trading, according to Bloomberg.

The company’s profits dropped 34 percent to $67.8 million, and the company blamed rising production costs as the problem.

Zynga’s stock had rose 44 percent since its IPO before the earnings announcements.

Read more at Bloomberg.