Social game developer Zynga tumbled 9 percent in after-hours trading following the second quarter 2016 earnings announcement after the bell today.
The company reported a net loss of $4.4 million, while still beating analysts expectations in terms of revenue.
For the second quarter ended June 30, the San Francisco-based maker of FarmVille and Words with Friends posted revenue of $181.7 million and non-GAAP net earnings came in at $0.00.
Wall Street expected EPS of $0.00 on revenue of $169.4 million, according to Thomson Reuters.
The stock hit 9 percent down in late afternoon, after having closed less than 1 percent up at $2.97.
We are tightening our operating model and improving our cost management as we do more with less, particularly in marketing, said Frank Gibeau, CEO of Zynga, in a statement.