Kelvin M.
Growth, tech, gaming, small-cap

Can Glu Mobile Finally Deliver In Q2?

Before Glu Mobile (NASDAQ:GLUU) released its first quarter earnings, I wrote an article titled "Glu Mobile: Poised For Mediocrity in Q1." In that article, I charted the performance of Glu's most recent releases and explained why I did not think Glu would post results that significantly beat Glu's and Wall Street estimates. Readers responded with a firestorm of criticism, but when Glu released Q1 results, there seemed to be few exciting points to dwell on. Revenue and EBITDA both slightly beat Glu's estimates, mostly because Glu's Q1 estimates were disappointing to begin with; and Glu's forecast for Q2 was atrocious. The mediocre results and awful forecast sent the stock into a downward spiral from over...

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