- GLUU reaches a multi-year high during the trading day on Monday.
- Glu Mobile misses by $0.02, beats on bookings; guides Q1 bookings below consensus; guides FY19 bookings in-line
SAN FRANCISCO (AP) _ Glu Mobile Inc. (GLUU) on Monday reported a loss of $1.3 million in its fourth quarter.
On a per-share basis, the San Francisco-based company said it had a loss of 1 cent. Earnings, adjusted for stock option expense and restructuring costs, came to 3 cents per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.
The mobile game maker posted revenue of $95.6 million in the period. Its adjusted revenue was $98.2 million, which topped Street forecasts. Four analysts surveyed by Zacks expected $96.3 million.
For the year, the company reported that its loss narrowed to $13.2 million, or 9 cents per share. Revenue was reported as $384.6 million.
Glu Mobile shares have climbed 26 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $10.20, nearly tripling in the last 12 months.
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