Glu Mobile (GLUU) Misses Q2 EPS by 7c

Glu Mobile (NASDAQ: GLUU) reported Q2 EPS of ($0.17), $0.07 worse than the analyst estimate of ($0.10). Revenue for the quarter came in at $68.7 million versus the consensus estimate of $72.06 million.

Nick Earl, Chief Executive Officer, stated, “We had a better than expected quarter and a strong first half that reflects great execution on our strategy to position Glu for sustainable and profitable growth. The significant quarterly bookings increase was driven by Design Home, which is emerging as a leading growth game for the company, as well as MLB Tap Sports Baseball 2017 and Covet Fashion. We are also seeing improved performance trends in a number of other key evergreen titles."

For earnings history and earnings-related data on Glu Mobile (GLUU) click here.

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