Mobile gaming specialist Glu Mobile‘s (NASDAQ: GLUU) net loss almost tripled in the first quarter despite a slight jump in revenue from the prior-year period. Its adjusted net loss of $0.15 per share was more than twice than Wall Street’s expectations of a $0.07-per-share loss.
Still, investors seemed to like what they saw as Glu stock has received a bump after the results, largely due to a major boost in the company’s bookings guidance for the year.