CALIFORNIA - "FarmVille" game maker Zynga Inc said Chief Financial Officer David Lee was stepping down and Chief Accounting Officer Michelle Quejado was taking over as interim CFO.
Zynga also said that it would delay the launch of its "Dawn of Titans" and "CSR2" games to 2016 from the fourth quarter planned earlier.
Lee, who joined Zynga from Best Buy Co Inc in April last year, will leave the gaming company in December.
The company also reported bookings of $176 million for the third quarter, beating the average analyst estimate of $170.8 million, according to research firm FactSet StreetAccount.
However, Zynga forecast bookings of $165 million-$180 million for the current quarter, well below analysts' expectations of $193.9 million.
Bookings equal revenue recognized in a period plus the change in deferred revenue.
Zynga records the sale of virtual goods and downloads as deferred revenue, which is added to the company's books as and when these items are consumed.
The company also said it would buy back up to $200 million in shares.
Zynga's revenue rose 10.8 percent to $195.7 million in the quarter ended Sept. 30, driven by the success of games such as "Wizard of Oz Slots" and "Words With Friends".
It posted a profit of $3.1 million, or breakeven per share, compared with a loss of $57.1 million, or 6 cents per share, a year earlier. -Reuters
92 News (also known as 92 News HD Plus (Channel 92) is a conservative Urdu language TV channel based in Lahore, Pakistan.
Mian Muhammad Hanif is the chairman of the channel.
This TV channel is a subsidiary of Madinah Group under Galaxy Media Group.
The channel's name, 92, is to celebrate the 1992 Cricket World Cup won by Pakistan. The number 92 is also the telephone country calling code of Pakistan, which is another major reason behind the channel's name.
92 News HD is Pakistan’s first HD Plus News Channel. Aims to bring credible & responsible News & important stories from Pakistan & around the World
We bring you Latest Pakistani and International News at 92News Hd Plus to Read and Watch
We believe in genuine and true journalism, we do not prevail sensation just for ratings.
We do not hide news but never tend to add any unethical content or angling that goes against the norms of our religion Islam and Pakistan's culture.