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

Subscribers that followed our recommendation to buy $GLUU 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!