Glu Mobile: This Growth Stock Is Taking Off in 2020
Glu Mobile (NASDAQ: GLUU) came into 2020 with a lot of promise thanks to its strategy of building sustainable titles, and it hasn't taken long for the stock to deliver a nice reward to investors. Shares of the mobile gaming specialist surged over 25% after a solid fourth-quarter earnings report that gave investors enough reasons to believe that the stock could be a winner this year.
Revenue was up 18% year over year, and the company turned the prior-year quarter's loss of $0.01 per share into a profit of $0.07 per share. Glu Mobile ended 2019 with record bookings of $423.3 million, an increase of 10% over 2018. And now, it looks all set to build upon last quarter's strong showing, which could ensure that it remains a top growth stock for the remainder of the year. Let's see why.
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Source Fool.com
