Shares of Glu Mobile Inc. 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.
Take-Two Interactive Software, Inc. 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 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 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.
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