Glu Reports First Quarter 2016 Financial Results
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Go back to Glu Reports First Quarter 2016 Financial Results
May 4, 2016 9:26 AM EDT
Wedbush analyst, Michael Pachter, noted that the new release of Glu Mobile's (NASDAQ: GLUU) Kendall and Kylie started strong, driving Q1 upside, but its eventual decline and lower contribution expectations for new releases led to a cut to full year guidance. No change... More
May 4, 2016 7:40 AM EDT
Benchmark downgraded Glu Mobile (NASDAQ: GLUU) from Buy to Hold with a price target of $2.70 (from $3.68).
Analyst Mike Hickey commented, "We have reduced our Buy rating to Hold and our price target from $3.68 to $2.70. We have reduced our fiscal '16 sales... More
May 4, 2016 6:46 AM EDT
Roth Capital downgraded Glu Mobile (NASDAQ: GLUU) from Buy to Neutral.
For an analyst ratings summary and ratings history on Glu Mobile click here. For more ratings news on Glu Mobile click here.
Shares of Glu Mobile closed at $2.67 yesterday.
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May 3, 2016 4:14 PM EDT
Glu Mobile (NASDAQ: GLUU) reported Q1 EPS of ($0.03), $0.02 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $54 million versus the consensus estimate of $48.2 million.
Our first quarter guidance outperformance was primarily due to the strong Kendall and Kylie launch as well as the ongoing success of Kim Kardashian: Hollywood and... More
