Boston, MA 03\/26\/2014 (wallstreetpr) – Zynga Inc (NASDAQ:ZNGA)<\/b> came back from a worrying Monday loss to rise almost 3 percent to $4.84 during Tuesday session. The IPO talks of its rival King Digital Entertainment were responsible for the Monday troubles witnessed in the stock of Zynga. Tuesday session saw shares of the social games maker shifting hands between $4.75 and $5.08 on above average volume of shares. The shares are up significantly from their troubled price level of $2.50 in the past one year time-frame. Zynga faced troubles in 2013 from intense competition, lack of fresh line of products and high costs and expenses. The success of King Digital in the IPO and thereafter may end up validating social games business and thus benefit ZNGA in the process. Yet the concern is that with Zynga Inc (NASDAQ:ZNGA) having already shown trouble to investors, a stronger King Digital can only add to the pain of Zynga.<\/p>\n
McCormick & Company, Incorporated (NYSE:MKC)<\/b> witnessed its shares trading up Tuesday after the spice company issued beating earnings for the first quarter. Shares rose 5.47 percent to $71.20 by closing bell. The company reported that its profit jumped 9 percent in the first quarter, mainly due to its use of digital tools to launch and build brand around the world. Profit in the quarter ended February 28, was $82.5 million or $0.62 per share. In the same period a year ago, profit was $76 million or $0.57 per share. Sales in the quarter rose to $993.4 million, up 6 percent. Analysts at Zack expected earnings per share of $0.58; however, they had previously projected EPS of $0.63.<\/p>\n
Gordmans Stores, Inc. (NASDAQ:GMAN)<\/b> reported its fourth quarter earnings Tuesday, revealing mixed results. Net sales in the quarter were up and so were expenses. The company announced earning $2.7 million or 14 cents per share, which compared with $7.9 million or 41 cents per share realized in the same quarter a year ago. Analysts had on average expected EPS of 11 cents for the quarter. Gordmans Stores, Inc. (NASDAQ:GMAN) opened 10 new stores in the past fiscal year which helped to boost fourth quarter sales by 2 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 03\/26\/2014 (wallstreetpr) – Zynga Inc (NASDAQ:ZNGA) came back from a worrying Monday loss to rise almost 3 percent to $4.84 during Tuesday session. […]<\/p>\n","protected":false},"author":10,"featured_media":4857,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[5508,2764,5509,708,2765,2789],"stock_ticker":[],"class_list":["post-18058","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-gordmans-stores-inc-nasdaqgman","tag-mccormick-company-incorporated-nysemkc","tag-nasdaqgman","tag-nasdaqznga","tag-nysemkc","tag-zynga-inc-nasdaqznga","entry"],"acf":[],"yoast_head":"\n