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

The 10-second takeaway
For the quarter ended June 30 (Q2), Glu Mobile beat expectations on revenues and exceeded expectations on earnings per share.

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

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

Revenue details
Glu Mobile logged revenue of $23.6 million. The eight analysts polled by S&P Capital IQ foresaw revenue of $21.5 million on the same basis. GAAP reported sales were 34% higher than the prior-year quarter's $17.7 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 -$0.05. The seven earnings estimates compiled by S&P Capital IQ predicted -$0.09 per share. GAAP EPS were -$0.05 for Q2 versus -$0.03 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 90.9%, 860 basis points better than the prior-year quarter. Operating margin was -20.8%, 1,270 basis points worse than the prior-year quarter. Net margin was -12.6%, 270 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $22.6 million. On the bottom line, the average EPS estimate is -$0.10.

Next year's average estimate for revenue is $92.4 million. The average EPS estimate is -$0.37.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 169 members out of 196 rating the stock outperform, and 27 members rating it underperform. Among 27 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 19 give Glu Mobile a green thumbs-up, and eight 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 $7.10.

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