GLU Mobile (GLUU) Tops Q3 EPS by 9c; Issues Mixed Guidance for Q4 and FY

November 3, 2009 4:30 PM EST

GLU Mobile Inc (NASDAQ: GLUU) reports a Q3 loss of $0.03, 9 cents better than the analyst estimate of ($0.12). Revenue for the quarter was $19.6 million, which compares to the estimate of $18.89 million.

For Q4:
GAAP revenue is expected to be between $19.5 million and $20.0 million vs. $20.15 million consensus.

GAAP net loss is expected to be between $(1.8) million and $(2.2) million, or a net loss of between $(0.06) and $(0.07) per basic share. Non-GAAP net income is expected to be between $300,000 and $600,000, or a net income of $0.01 to $0.02 per diluted share vs. a loss of $0.12 consensus.

For FY:
GAAP revenue is expected to be approximately $79.8 to $80.3 million vs. $79.69 million consensus.

GAAP net loss is expected to be between $(13.1) million and $(13.4) million, or a loss of $(0.44) to $(0.45) per basic share. Non-GAAP net loss is expected to be between a net loss of $(600,000) and $(900,000) or a net loss of $(0.02) to $(0.03) per basic share vs. consensus of $0.44 loss.

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