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Tuesday, November 04, 2008
Glu Mobile Sees Net Losses Grow In Third Quarter
Dan Gallagher
MarketWatch Pulse
SAN FRANCISCO -- Glu Mobile Inc. saw its net losses grow for the third quarter. The maker of mobile games reported a net loss of $56.9 million, or $1.93 per share, compared to a net loss of $753,000, or 3 cents a share, for the same period the previous year. Excluding charges related to stock options and past acquisitions, the company said it would have lost $3 million, or 10 cents a share, for the recent period. Revenue grew 44% to $23.9 million. Analysts were expecting a net loss of 23 cents a share on revenue of $23.4 million, according to consensus estimates from FactSet Research.
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Most folks judge the health of a business by the revenue that comes in through sales. But not all revenue is equal. Companies can grow their sales by buying other companies, which means you don't get a clear view of how the real sales trends are moving.
So, many analysts, particularly those who look at retail, try to gauge what¿s known as "organic" growth, by looking at same-store sales. These are sales only at outlets open more than a year, so the metric can exclude any sales jump that comes from opening new locations. Retailers release same-store sales (which are frequently called "comps" since they're a true comparison from the previous period) every month.
Retail, incidentally, isn't the only industry to look at same-store sales. Hospital companies, also use the metric, to gauge how existing hospitals are performing compared to ones they just built or acquired.






