Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Shares of Glu Mobile Inc. (NASDAQ: GLUU) were trading up more than 24 percent on Wednesday’s after-hours session, following the announcement of the company’s fourth quarter fiscal 2015 financial results. Non-GAAP revenue came in at $57.9 million and GAAP revenue, at $61 million – well above the Street’s $50.5 million estimate, while adjusted EBITDA, at $2.8 million. This translates to adjusted EPS of $0.02, versus an expected net loss of $(0.03) per share.
Management also said it had signed exclusive partnerships with Taylor Swift and Gordon Ramsay, and that the Board had approved a stock repurchase program to buy up to $50 million in stock.
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Take-Two Interactive Software, Inc. (NASDAQ: TTWO) was also up more than 8 percent since the bell rang on its third quarter fiscal 2016 earnings call. The developer, publisher and marketer of interactive entertainment posted earnings of $0.89 per share on revenue of $486.79 million, well above the Street’s consensus of $0.49 per share and $458.39 million.
On the other hand, Buffalo Wild Wings (NASDAQ: BWLD) was down about 1 percent since the market closed. The restaurant operator and franchisor posted earnings of $1.49 per share on revenue of $490.22 million, beating the Street’s consensus of $1.47 per share on the earnings front, but missing the $508.73 million estimate in the sales front.
Finally, back to gainers, there’s GoPro Inc (NASDAQ: GPRO), up about 1.3 percent in after-hours trading, after shares were halted briefly ahead of the announcement of the company’s fourth quarter fiscal 2015 financial results. Adjusted earnings per share came in at $(0.08), well below the expected breakeven, and sales came in at $436.6 million, versus an expected $505.99 million.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.