Monday February 17, 2020

Bullish Zynga call prompts "embarrassed" analyst to apologise

An analyst who covers Zynga apologised for overestimating earnings after the company reported revenue and profit that missed projections.

26th July, 2012
“We Are Sorry and Embarrassed by Our Mistake,” said one analyst who covers Zynga.

Richard Greenfield, an analyst who covers Zynga, downgraded the maker of social games and apologised for overestimating earnings after the company reported revenue and profit that missed projections.

In a note titled “We Are Sorry and Embarrassed by Our Mistake,” the BTIG LLC analyst downgraded Zynga to neutral from buy after the company showed it’s making less money from individual users than he expected, Bloomberg.com’s Tech Blog reported.

...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 1 month ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago