Glu Mobile (GLUU) Misses Q1 EPS by 10c, Beats on Revenue; Raises FY17 Bookings Guidance

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Go back to Glu Mobile (GLUU) Misses Q1 EPS by 10c, Beats on Revenue; Raises FY17 Bookings Guidance

Glu Mobile (GLUU) PT Raised to $3 at Cowen Following 1Q Report

May 4, 2017 7:22 AM EDT

Cowen raised its price target on Glu Mobile (NASDAQ: GLUU) to $3.00 while maintaining a Outperform rating. Glu reported 1Q non-GAAP revenue and EBITDA loss of $69.0MM and ($0.8MM), respectively, well ahead of estimates of $53.8MM and ($10.2MM). A non-GAAP EPS loss of ($0.01) was above ($0.08)... More