LogMeIn -16% amid earnings results, global restructuring [Seeking Alpha]
LOGMEIN (LOGM)
Last logmein earnings: 4/23 04:08 pm
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US:NASDAQ Investor Relations:
investor.logmeininc.com/about-us/investors/overview/default.aspx
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Source: Seeking Alpha
LogMeIn -16% amid earnings results, global restructuring - LogMeIn, Inc. (NASDAQ:LOGM) | Seeking Alpha Tech | Earnings On the Move LogMeIn -16% amid earnings results, global restructuring Feb. 14, 2019 5:53 PM ET LogMeIn, Inc. (LOGM) Jason Aycock LogMeIn (NASDAQ: 16.4% lower Q4 earnings It announced a board succession plan where co-founder and Chairman Michael Simon will resign from the board as of the annual meeting on May 30, and resign from the chairman's post effective March 1. The board's named director Robert Calderoni to succeed Simon as chairman. The global restructuring is meant to "streamline our organization and reallocate resources to better align with our growth acceleration goals." That reorg will be substantially completed by the end of fiscal 2019 and is expected to achieve annualized cost savings of about $26M, it says. Previously: LogMein beats by $0.06, beats on revenue Press release See all stocks on the move » Now read: Cognex +3.5% on Q4 beats » Subscribe
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