Mobile game maker Glu Mobile ays its 1Q revenue could drop 28 percent

Glu Mobile expects revenue to fall in 1Q

SAN MATEO, Calif. — Mobile games publisher Glu Mobile Inc. predicted Wednesday that its first-quarter revenue will fall as much as 28 percent.

Glu shares fell 17 cents, or 13.6 percent, in after-hours trading, having finished regular trading down 7 cents, or 5.3 percent, at $1.25.

The company said it expects to report revenue of $15 million to $15.5 million for its fiscal first quarter. Glu reported $20.8 million in revenue in the first quarter of 2009.

The company also predicted a loss of $5.4 million to $5.8 million; its first-quarter loss a year earlier totaled $5.8 million.