Glu Mobile Inc. (NASDAQ:GLUU) is reporting second quarter earnings results on Tuesday 4th August 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.08 per share.
For the full year, analysts predict revenues of $ 528.23 million, while looking forward to income of $ 0.34 per share.
Previous Quarter Performance
Glu Mobile Inc. announced loss for the first quarter of $ 0.06 per share, from the revenue of $ 107.27 million. The quarterly earnings while revenues hiked 15.84 percent compared with the same quarter last year.
The consensus estimates are $ 96.41 million in revenue The bottom line results street analysts by $ 0.18 or , at the same time, top line results outshined analysts by $ 10.86 million or 11.26 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of GLUU was $ 9.80, representing a 146.23 % increase from the 52 week low of $ 3.98 and a 9.68 % decrease over the 52 week high of $ 10.85.
The company has a market capital of $ 1.49 billion and is part of the Technology sector and Electronic Gaming & Multimedia industry.
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Recent Analyst recommendations
- On 10th June 2020, initiated by UBS Group at Buy rating, with $ 13.00 target price.
Conference Call
Glu Mobile Inc. will be hosting a conference call at 5:00 PM eastern time on 4th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.glu.com
Glu Mobile Inc. develops, publishes, and markets a portfolio of free-to-play mobile games for the users of smartphones and tablet devices. The company publishes titles primarily in four genres, including home décor, sports and action, fashion and celebrity, and time management.
