WHAT HAPPENED: Zynga's stock tanked after the online game maker reported a loss in the second quarter, with adjusted earnings and revenue below Wall Street's muted expectations.
WEAK OUTLOOK: The company also said it now expects adjusted earnings of 4 cents to 9 cents per share for all of 2012. In April, it had forecast adjusted earnings between 23 cents and 29 cents per share. Analysts had been expecting 26 cents.
FACEBOOK EFFECT? The results pulled Facebooks' stock lower in after-hours trading too, since Zynga's games are played mostly on Facebook. The social networking company reports its earnings on Thursday.
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