DALLAS, July 14, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces a stock report featuring Glu Mobile Inc. (Nasdaq:GLUU). The report briefly notes the company's most recent developments and news, and outlines its financial position, market performance, and comparison against industry peers.
The full report is available at: www.microstockprofit.com/lp/GLUU
Glu Mobile (GLUU) is a global publisher of 3D Social Mobile games for smartphone and tablet devices. Its unique technology platform enables its titles to be accessible to a broad audience of consumers all over the world – supporting iOS, Android, Palm, Windows Phone 7 devices and beyond. It has partnership with leading entertainment brands including Activision, Atari, Caesar's and Fox. GLUU is headquartered in San Francisco and has major offices in Brazil, China, Russia and the UK.
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In the report, the analyst notes:
"Shares of GLUU traded as much as 13.2% higher on Wednesday, apparently on news that Electronic Arts Inc. will buy mobile and casual video games maker PopCap Games for $1.3 billion."
"GLUU reported total revenue of $16.4 million for the first quarter ended March 31, 2011, down 5% from $17.3 million in the same period last year. However, the figure was still ahead of analyst expectations of $14.1 million."
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