Shares of mobile game publisher Jamdat Mobile dropped more than 20 percent this morning after the company offered a disappointing forecast for the year. Jamdat reported second-quarter net income of $2.6 million, compared with a profit of $400,000 last year. Second-quarter revenue rose 128 percent to $19.3 million, up from $8.4 million last year. Despite the strong numbers, the company forecast full year revenue of $80 million, slightly below analysts' forecasts. Jamdat is a member of the 2004 FierceWireless Fierce 15, an annual list of the top emerging wireless companies.
For more on Jamdat's Q2 numbers:
- see this piece from Investor's Business Daily