Why Glu Mobile Inc. Popped 44.5% in August [The Motley Fool]
GLU MOBILE (GLUU)
Last glu mobile earnings: 2/5 04:02 pm
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Source: The Motley Fool
The mobile-game maker skyrocketed last month following a strong quarterly report. John Ballard ( TMFRazorback ) Sep 5, 2018 at 2:30PM What happened After taking a breather in July, shares of mobile-game maker Glu Mobile ( NASDAQ:GLUU ) resumed their rapid ascent in August. The latest jump followed an encouraging second-quarter earnings report that showed the company inching closer to turning a profit. Revenue jumped 31.2% year over year to $90.2 million, while the game maker's net loss narrowed from $23.6 million a year ago to $4.4 million in the last quarter. The stronger-than-expected results sent the shares soaring 44.5% in August, according to data provided by S&P Global Market Intelligence . Mobile games are the fastest growing category across the industry -- good news for Glu Mobile. Image source: Getty Images. So what The quar
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