Glu Mobile (Nasdaq: GLUU) reported earnings on May 2. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Glu Mobile beat expectations on revenues and exceeded expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded significantly and GAAP loss per share improved.

Gross margins grew, operating margins dropped, and net margins dropped.

Revenue details
Glu Mobile tallied revenue of $21.6 million. The six analysts polled by S&P Capital IQ expected to see a top line of $18.8 million on the same basis. GAAP reported sales were 31% higher than the prior-year quarter's $16.4 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at -$0.11. The seven earnings estimates compiled by S&P Capital IQ forecast -$0.12 per share. GAAP EPS were -$0.11 for Q1 compared to -$0.06 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 88.1%, 1,150 basis points better than the prior-year quarter. Operating margin was -28.0%, 1,530 basis points worse than the prior-year quarter. Net margin was -31.8%, 1,250 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $20.3 million. On the bottom line, the average EPS estimate is -$0.11.

Next year's average estimate for revenue is $87.8 million. The average EPS estimate is -$0.38.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 157 members out of 185 rating the stock outperform, and 28 members rating it underperform. Among 28 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 19 give Glu Mobile a green thumbs-up, and nine give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Glu Mobile is buy, with an average price target of $6.57.

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