CC cited some higher expenses but the main reason is simply the delay of several releases. Some were strategic and some are games weeks. The revs are still there, but will be realized a qtr later. Very positive CC. DH16 in a month. EW got pushed back til October. One of the celeb games is being push back a qtr for strategic reasons. We all have seen the upward revs from KK, RR and TAP BB, but some newer game revs are being pushed back because of release delays. Nothing is fundamentally wrong financially. Do yourselves a favor and listen to the conf call.
Very simply, several game releases are being pushed back, so some expected second half revs won't occur until 1st qtr 2016. To a lesser extent there were also some higher CAPEX expenses. Push back of games was explained in CC as sometimes strategic and others to tweak.
Often unscrupulous traders buy/sell their own shares after hours to create false panic. It's almost always on low volume like this. Usually it's 1 minute before the close of AH.
Of course it didn't come close. They didn't have Glu's expertise. Don't think that's the point you were making but you did answer your own question.
Old trick. Sometimes brokers buy and sell their own shares AH to create false news. Might be the case here.
Look it up.
I'm not a chart guy either but I think hopeful200 might be correct that today might be an aberration because of it being a low volume Friday before a holiday.
1 year ago it was the same story, "GLUU is a 1 hit wonder" except the hit was Deer Hunter '14. Glu currently has 5 games in the US IOS top 100 grossing games category (counting the recently acquired Racing Rivals).