Glu Mobile Earnings Wrap
After Wednesday's close, Glu Mobile (NASDAQ: GLUU) reported Q2 EPS earnings beat of $0.02 versus the estimated $0.05. EPS increased by 60 percent from Q2 2013.
Revenue for the quarter was $40.90 million, above analysts estimated $32.68 million.
Glu Mobile also announced it would acquire CIE Games.
Guidance for Q3 EPS came in at $0.09 to $0.11, compared to the analysts estimate of $0.05; full-year undefined EPS of $0.17 to 0.21 compared to the analysts estimate of $0.20.
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