Glu Mobile Inc. (NASDAQ:GLUU) is expected to report third quarter earnings results, after market close, on Thursday 5th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.07 per share.
Looking ahead, the full year income are expected at $ 0.37 per share on the revenues of $ 544.74 million.
Previous Quarter Performance
Glu Mobile Inc. reported loss for the second quarter of $ 0.05 per share, from the revenue of $ 133.32 million. The quarterly revenues raised 30.83 percent compared with the same quarter last year. The consensus estimates are income of $ 0.08 per share from $ 165.30 million in revenue. The bottom line results missed street analysts by $ 0.13 or 162.5 percent, at the same time, top line results fell short of analysts by $ 31.98 million or 19.35 percent.
Stock Performance
Shares of Glu Mobile Inc. traded up $ 0.23 or 3.19 percent on Wednesday, reaching $ 7.43 with volume of 2.20 million shares. Glu Mobile Inc. has traded high as $ 7.54 and has cracked $ 7.27 on the downward trend
The closing price of $ 7.43, representing a 80.90 % increase from the 52 week low of $ 3.98 and a 33.64 % decrease over the 52 week high of $ 10.85.
The company has a market capital of $ 1.27 billion and is part of the Technology sector and Electronic Gaming & Multimedia industry.
Recent Analyst recommendations
- On 15th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 9.00 target price.
Conference Call
Glu Mobile Inc. will be hosting a conference call at 5:00 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.glu.com
Glu Mobile Inc. develops, publishes, and markets a portfolio of free-to-play mobile games for the users of smartphones and tablet devices. The company publishes titles primarily in four genres, including home décor, sports and action, fashion and celebrity, and time management.
