Glu Mobile: 2Q Earnings Snapshot
Aug. 01, 2018
SAN FRANCISCO (AP) _ Glu Mobile Inc. (GLUU) on Tuesday reported a loss of $4.4 million in its second quarter.
The San Francisco-based company said it had a loss of 3 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, were less than 1 cent on a per-share basis.
The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The mobile game maker posted revenue of $90.2 million in the period. Its adjusted revenue was $99.4 million, exceeding Street forecasts. Four analysts surveyed by Zacks expected $91.9 million.
For the current quarter ending in October, Glu Mobile said it expects revenue in the range of $94 million to $96 million.
The company expects full-year revenue in the range of $374 million to $378 million.
Glu Mobile shares have risen 46 percent since the beginning of the year. The stock has increased 95 percent in the last 12 months.