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The fact is that under GAAP Zynga has had huge losses the last 2 quarters and under non-GAAP it has earnings. That is according to Zynga itself. For how the
by moocow01 14y ago
The fact is that under GAAP Zynga has had huge losses the last 2 quarters and under non-GAAP it has earnings. That is according to Zynga itself. For how the market responded to these mixed earnings figures you can look at Zynga's haircut since they announced the figures on the 27th which resulted in a drop of 10%
- jpdoctor 14y ago> and under non-GAAP it has earnings. Yes, when it ignores arbitrary expenses, which are considered legitimate by GAAP, it turns a profit. Coincidently, when I ignore expenses incurred by my wife, my income also goes up considerably. Want to invest?
- moocow01 14y agoYeah I agree it is absurd - the discrepency in Zynga's GAAP and non-GAAP earnings over the past few quarters is disconcerting. My only hope is that investors seem to be catching on based upon recent stock moves. As I see it non-GAAP is fluff just being used to allow VCs to continue to move product at a good enough price.