Mobile game developer Glu Mobile (GLUU +5.4%) jumps after beating Q1 estimates on the back of a...


Mobile game developer Glu Mobile (GLUU +5.4%) jumps after beating Q1 estimates on the back of a 192% Y/Y increase in smartphone-related revenue. Also helping is Glu's 2012 guidance for revenue of $86.7M-$91.7M and breakeven operating income; the Street is modeling revenue of $85.7M and EPS of -$0.18. Canaccord (Buy) expects Glu's game pipeline to lead to accelerating bookings growth over the next 2 years. (PR)

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