Ahead of the Bell: Zynga

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NEW YORK (AP) — Zynga and other social media companies tumbled in trading before Thursday’s opening bell after the online gaming site posted poor quarterly results and cut its outlook, prompting a number of analyst downgrades.

Zynga’s adjusted profit fell short of Wall Street estimates and while revenue grew 19 percent, it was not the sign of extraordinary growth that investors were looking for.

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