Glu Mobile Logs Gains On Q1 Beat

Glu Mobile (GLUU) reported a loss of$6.8 million, or 11 cents a share in itsfirst quarter, compared to a $3.2 million loss or six cents a share in the year-ago period. Revenue rose to $21.5 million versus $16.4 million.

The non-GAAP loss was $500,000, or one penny per share, compared to a $900,000 loss, or two cents per share in the year earlier period. Revenue came in at $21.6 million, compared to $17.2 million.

Analysts were expecting a eight-cent per share loss on revenue of $18.5 million.

For the current second quarter, Glu expects an adjusted loss between 4 cents and 6 cents a share, with revenue in a range of $20.5 million to $21.5 million.

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