Stock Market U.S : Is This the Time to Buy GLUU?

GLUU, a major international designer and founder of top quality games, today declared the option Deer Hunter® Reloaded, Small Road, and Samurai vs. Zombies Protection for the Mac. All three headings are fully enhanced for new features on OS X Hill Lion, such as full screen Retina show and support for in-app buying. Glu Cellular (Nasdaq: GLUU ) lately revealed its income.  For the one fourth finished Sep. 30 (Q3), Glu Cellular met objectives on earnings and surpassed objectives on income per discuss. As opposed to prior-year one fourth, income increased considerably and GAAP loss per discuss shortened. Edges extended across the panel. Glu Cellular notched income of $21.2 thousand. The 10 experts questioned by S&P Investment IQ predicted revenue of $21.3 thousand on the same foundation. GAAP revealed revenue were 26% higher than the prior-year quarter's $16.9 thousand. The prediction sent the organization's stock down 12 percent in after-hours trading, dropping 40 pennies to $2.86.

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Sales for Glu Mobile Inc. increased 26 percent to $21.3 thousand in the third one fourth over the year before. The organization still posted a net decrease in $3.6 thousand, or 6 pennies per discuss. But that's better than the net decrease in $6.2 thousand, or 10 pennies per discuss, it reported in the third one fourth of 2011. Results in the latest one fourth included a a good reputation incapacity charge of $3.6 thousand and other items. Not including those, Glu's adjusted net reduction for the one fourth was 3 pennies per discuss. Experts had expected the organization to report a decrease in 6 pennies per discuss and of $21.1 thousand, according to FactSet.

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In a declaration, Eric Ludwig, Glu's primary financial official, said the organization's fourth-quarter results will likely be harm by underperforming games released in the third quarter as well as Apple's prohibition of certain types of promotion. Glu prediction that it will likely publish an modified net loss between 6 pennies and 8 pennies per discuss in it all quarter on income of $19.5 thousand to $20.5 thousand. The income prediction limits changes in postponed income and other items. Experts anticipate break-even income per discuss.