| Glu Mobile Inc ( NASDAQ:GLUU) |
Glu Mobile Inc. Issues Q2 2011 Guidance Below Analysts' Estimates but stock popped 10 % in after hour trade, Is it real or just a fluke?
Glu Mobile Inc. announced that for the second quarter of 2011, it expects non-GAAP revenue to be between $15.0 million and $16.5 million, non-GAAP operating loss to be between $(1.3) million and $(2.5) million, non-GAAP net loss to be between $(1.9) million and $(3.1) million, or a net loss of $(0.04) to $(0.06) per basic share, which excludes $0.7 million for amortization of intangibles and approximately $0.6 million of anticipated stock-based compensation expense. According to Reuters Estimates, analysts on an average were expecting the Company to report revenues of $13.4 million, EBIT of $(4.51) million, net income of $(3.64) million and EPS of $(0.07) for the second quarter of 2011.( Reuters)
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