Glu Mobile, Inc. (NASDAQ: GLUU) reported Q3 EPS of ($0.07), $0.03 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $22.6 million versus the consensus estimate of $20.28 million.
can you explain to me why the stock is falling then? i have read and heard nothing but good things about this company and to have my investment plummet is not a good feeling. my thought is to "stay strong" with this stock, but just dont understand the price drop
Sure, it rose due to DH14 and expected revenue. Looking at the daily revenue for IOS in US only, it appeared that global revenue from this game would be much higher for Q4 than the 15m guided to. You have a hit game and guide is only a bit above breakeven, thus it is not translating to profits which of course drive stock price.