Nintendo Q1 - $221m loss on of revenue $1.08bn. Shipments: 1.86m 3DS, 710k Wii, 540k DS

[gumby_trucker]

We interrupt your regular doom and gloom to bring you this bit of schadenfreude:

http://blogs.wsj.com/marketbeat/2012/07/25/zynga-posts-surprise-loss-shares-down-more-than-30/?mod=yahoo_hs

http://finance.yahoo.com/q?d=t&s=ZNGA

"Zynga earnings just hit the Tape, they were bad, the outlook was worse, and the stock’s getting clobbered.

Shares were down 8% in late trading before the report even hit the Tape; they’re now down 41% at $2.99.

Facebook shares are down 6.6% as well, as investors worry about the read-through (company reports earnings tomorrow).

Zynga slashed its 2012 outlook. The company now projects adjusted EPS for the year of 4 cents to 9 cents, which is well, well below current Street consensus of 26 cents, according to FactSet.

The earnings were a salve by comparison. For the second-quarter, the company reported a loss of 3 cents a share, or a profit of 1 cents a share on an “adjusted” basis, on revenue of $332.5 million.

That’s off Street consensus, which was for earnings of 5 cents a share on revenue of $344 million."

We now return you to your scheduled programming.