LogMeIn stock falls 15% after company's guidance disappoints [MarketWatch]
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: MarketWatch
LogMeIn stock falls 15% after company's guidance disappoints Shares of LogMeIn Inc. LOGM, -0.27% fell 15% in the extended session Thursday after the software and cloud-computing company reported fourth-quarter earnings that beat Wall Street expectations but called for lower profit in the first quarter. LogMeIn said it earned $25.4 million, or 49 cents a share, in the quarter, compared with $93 million, or $1.74 a share, in the year-ago period. Adjusted for one-time items, LogMeIn earned $75.5 million, or $1.47 a share, compared with $1.20 a share a year ago. Revenue reached $310 million, compared with $276 million a year ago. Analysts polled by FactSet had expected adjusted earnings of $1.41 a share on sales of $307 million. For the first quarter, LogMeIn guided for revenue between $303 million and $305 million, and adjusted EPS between $1.12 and $1.15. The analysts polled by FactSet expect first-quarter adjusted EPS of $1.36 on sales of $304 million. Shares of LogMeIn had ended th
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