FarmVille 2 turn to the most popular application on Facebook

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Zynga Inc (NASDAQ:ZNGA) announced revenue for this third-quarter of this year and which topped all the analysts’ forecasts as it seems FarmVille 2 turn out to be the most popular application on Facebook Inc (NASDAQ:FB), world’s biggest social networking site of all time.

Zynga, the major gaming manufacturer of social games specially on facebook , declared in this statement on Wednesday that sales moved up by 3.2% to $316.6 million. Bloomberg leader in financial data provider gathered data and confirms that analysts on average anticipated revenue of $291.5 million.

Zynga did another announcement to announce a partnership with a United Kingdom real-money gaming operator. The company further reported that it is going to buyback almost $200 million shares.

Zynga also announced restructuring plan, which comprise ending offices and phasing out over a dozen of their other games, will produce savings of $15 million to $20 million on pretax basis in last yearly quarter, without a charge of almost $8 million to $12 million.

Zynga Inc (NASDAQ:ZNGA) last session’s volume of 62.25 million shares was surprisingly higher than its average volume of 18.39 million shares. The stock after opening at $2.32 hit high price of $2.32 and then closed at $2.13 by scoring -3.23%.

The Zynga liquidity measure for recent quarter results of the company was recorded at 2.24 as current ratio and on the other side the debt to equity ratio was 0.05 and long-term debt to equity ratio remained at 0.05. Farmville 2 popularity has contributed greatly to their success in this quarter. The Company had total cash of $1.22 billion at hand at this time at end of the quarter and a book value per share is $2.46 in the most recent third quarter.

The Zynga’s stock’s price volatility was 6.49% for last week and 5.63% for a month as well as price volatility’s Average True Range for 14 days was 0.16.

ZNGA generated revenue of $1.27 billion in the previous twelve months and earned -$513.82 million.

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