Zynga posts loss of $52 million in quarterly earnings

One day after laying off five percent of its workforce, Zynga announced it sustained a quarterly loss of more than $52 million. Despite the sub-optimal Q3 2012 numbers, the company’s relatively high revenue figures (over $316 million) exceeded analysts’ low expectations (in the neighborhood of $300 million). But overall, the company lost $160 million in the first nine months of 2012.