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Glu Mobile reports 1Q loss

SANFRANCISCO, Calif. (AP) _ Glu Mobile Inc. (GLUU) on Wednesday reported a loss of $22.8 million in its first quarter.

On a per-share basis, the Sanfrancisco, California-based company said it had a loss of 17 cents. Losses, adjusted for stock option expense, were 15 cents per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.

The mobile game maker posted revenue of $56.8 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $53.6 million.

In the final minutes of trading on Wednesday, the company's shares hit $2.46. A year ago, they were trading at $2.67.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GLUU at https://www.zacks.com/ap/GLUU


Keywords: Glu Mobile, Earnings Report