Glu Mobile: 2Q Earnings Snapshot
Posted Aug 4, 2020 05:57:11 PM.
Last Updated Aug 4, 2020 06:11:05 PM.
This article is more than 5 years old.
SAN FRANCISCO (AP) _ Glu Mobile Inc. (GLUU) on Tuesday reported a second-quarter loss of $8.6 million, after reporting a profit in the same period a year earlier.
The San Francisco-based company said it had a loss of 5 cents per share. Earnings, adjusted for stock option expense, were less than 1 cent on a per-share basis.
The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.
The mobile game maker posted revenue of $133.3 million in the period. Its adjusted revenue was $182 million, beating Street forecasts. Six analysts surveyed by Zacks expected $166.4 million.
For the current quarter ending in October, Glu Mobile said it expects revenue in the range of $130 million to $135 million.
The company expects full-year revenue in the range of $538 million to $548 million.
Glu Mobile shares have increased 62% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $9.78, an increase of 97% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GLUU at https://www.zacks.com/ap/GLUU
The Associated Press
