Image source: Glu Mobile.
It was a rough week for Glu Mobile (NASDAQ: GLUU) investors. Shares of the publisher of mobile games plummeted 15% last week, following a rough quarterly report. The stock is now trading 44% lower since peaking after rallying in February.
It was a pretty disappointing report. Revenue plunged 22% since the prior year to hit $54.5 million. It posted a quarterly loss. It has now checked in with an operating deficit in three of the past four quarters.