Speaking of which, shares of Glu Mobile (GLUU)
are up more than 20% after the designers of the Kim Kardashian video
game announced better than expected earnings last night. Sales were much
stronger than expected. For good measure, Glu inked a deal with Katy
Perry, fresh off her Super Bowl XLIX performance, for some sort of games
to be named later. Probably surrounding the Left Shark or Hollywood. To
be honest, it doesn't seem to matter much. Katy Perry is awesome and
has 64 million Twitter (TWTR) followers. Boom, Boom, Boom, baby.
And turns out Keurig Green Mountain's (GMCR)
brewers, especially the Keurig 2.0, were a bust during the holiday
season. While CEO Brian Kelly says the weak demand is likely temporary,
Wall Street isn't waiting around. Shares are hovering at a nine-month
low and have dropped over 12% already this year. During the quarter
reported, revenue of $1.39 billion was flat from the year-ago period,
while profits declined to $0.88 cents a share. This may not bode well
for its cold machines due out later this year and its partner Coca-Cola (KO) and Dr. Pepper (DPS).
Original post found here: http://finance.yahoo.com/news/katy-perry-and-victoria-s-secret-busting-out--keurig-green-mountain-brewers-a-bust-164127432.html
Original post found here: http://finance.yahoo.com/news/katy-perry-and-victoria-s-secret-busting-out--keurig-green-mountain-brewers-a-bust-164127432.html
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