DALLAS, May 5, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Glu Mobile Inc. (Nasdaq:GLUU). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at:
Glu Mobile (GLUU) is a global publisher of 3D Social Mobile games for smartphone and tablet devices. Its unique technology platform enables its titles to be accessible to a broad audience of consumers all over the world - supporting iOS, Android, Palm, Windows Phone 7 devices and beyond. The Company is focused on bringing the best in social, freemium, cross-platform mobile gaming experiences to the mass market, and on creating compelling original IP. It has partnership with leading entertainment brands including Activision, Atari, Caesar's and Fox.
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In the report, the analyst notes:
"In the first quarter, the Company lost $3.2 million, or $(0.06) a share, narrowing the year-ago quarter loss of $3.7 million, or $(0.12). Excluding items, net loss was $(0.02) a share, compared to an ex-item net loss of $(0.03) a share in the year-ago period. Analysts polled by Thomson Reuters expected a loss of $(0.07) a share."
"During the quarter, GLUU saw total revenue of $16.4 million, down 5% from $17.3 million in the same period last year, but still ahead of analyst expectations of $14.1 million."
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