Slow transition to mobile gaming hits Zynga shares

(Reuters) - Shares of Zynga Inc fell 10 percent in early trading on Thursday after the online game maker forecast a bigger-than-expected second-quarter loss on concerns about its slow transformation into a gaming company focused on mobiles. Zynga management on Wednesday pleaded for more time for the turnaround effort, saying that the company's business, although stabilized, may not pick up until the latter half of the year. ...

via Gaming News Headlines - Yahoo! News http://news.yahoo.com/slow-transition-mobile-gaming-hits-zynga-shares-144319250--sector.html