July 25, 2012 | Dan Gallagher
SAN FRANCISCO (MarketWatch) -- Zynga Inc. saw its shares crash by as much as 40% in after-hours trading on Wednesday after the social game maker reported lower-than-expected results for the second quarter and slashed its forecast for the full year. The stock fell close to the $3 mark; it went public in December at $10. In a release detailing its second-quarter results, Zynga
(US:znga) cut its adjusted earnings forecast range to 4-9 cents per share for the year, down from its earlier range of 23-29 cents per share. The company also lowered its booking forecast range to $1.15 billion-to-$1.23 billion for the year. It had previously forecasted full-year bookings in the range of $1.43 billion-to-$1.5 billion.
