Zynga forecasts bookings largely below estimates; shares slump

By Anya George Tharakan (Reuters) – "FarmVille" creator Zynga Inc forecast current-quarter bookings largely below estimates, sending its shares down as much as 12 percent in extended trading on Thursday. The company forecast third-quarter bookings in the range of $180 million-$190 million, largely below the average analyst estimate of $188 million expected by research firm FactSet StreetAccount. Bookings, an important metric indicating future revenue, include the sales of virtual goods such as currency and lives.

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