Glu Mobile: 3Q Earnings Snapshot
SAN FRANCISCO (AP) _ Glu Mobile Inc. (GLUU) on Wednesday reported a loss of $5.1 million in its third quarter.
On a per-share basis, the San Francisco-based company said it had a loss of 3 cents. Earnings, adjusted for stock option expense and non-recurring costs, were less than 1 cent on a per-share basis.
The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The mobile game maker posted revenue of $107.1 million in the period. Its adjusted revenue was $120.4 million, which topped Street forecasts. Four analysts surveyed by Zacks expected $111.5 million.
For the current quarter ending in December, Glu Mobile said it expects revenue in the range of $101.5 million to $103.5 million.
The company expects full-year revenue in the range of $416.4 million to $418.4 million.
Glu Mobile shares have decreased 30% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.67, a drop of 18% in the last 12 months.