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Glu Mobile Inc. shares dropped in the extended session Monday after the mobile game developer's forecast bookings were short of Wall Street expectations. Glu shares fell 11% after hours, following a 2.8% gain to close the regular session at $10.20. Glu expects bookings of $88 million to $90 million in the first quarter, and $435 million to $445 million for the year. Analysts surveyed by FactSet had forecast on bookings of $93.5 million for the first quarter, and $443.5 million for the year. The company reported a fourth-quarter loss of $1.3 million, or 1 cent a share, compared with a loss of $39.6 million, or 29 cents a share, in the year-ago period. Revenue rose to $95.6 million from $80.2 million in the year-ago quarter. Bookings rose to $98.2 million from $83.2 million in the year-ago period. Analysts had forecast unadjusted earnings of 1 cent a share on revenue of $96.1 million, and bookings of $96.3 million. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.