$GLUU Delivers 40% Gains So Far, More To Come

Subscribers that followed our recommendation to buy GGLUU at $5.75 a share are now sitting on 40% gains in just 2 months. With yesterday's major breakout on a strong earnings report, further gains are likely. Here are the highlights:

Glu Mobile (NASDAQ:GLUU): Q4 GAAP EPS of $0.07 beats by $0.06.

Revenue of 112.9M (+18.1% Y/Y) beats by 9.26M.

Glu Mobile (NASDAQ:GLUU) topped bookings expectations in its Q4 earnings, and reached record GAAP profitability.

Results were driven by another record bookings quarter for Design Home and Covet Fashion, along with the best Q4 for Tap Sports Baseball, CEO Nick Earl says.

Bookings rose by double digits to 108.4M.

For Q1, excluding new titles, it's guiding to bookings of 93M-95M (may not compare to consensus for 98.5M); for the full year, it sees bookings of 432M-433M (may not compare to consensus for 459.3M), and liquidity of at least 150M.

As always, trade with caution and use protective stops.

Good luck to all!