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Glu Mobile's (NASDAQ: GLUU) top three franchises delivered record bookings in the second quarter, but that didn't prevent the shares from tumbling over the last month. Earnings per share came in below analysts' forecasts, but the high engagement levels across Glu's top games put it on track to end the year with plenty of cash to reinvest in the business for long-term growth.
Here's why Wall Street's focus on the earnings miss is a good buying opportunity for investors with a long-term focus.