Why Shares of LogMeIn Popped Today [The Motley Fool]
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: The Motley Fool
Why Shares of LogMeIn Popped Today The cloud-software company's growth was less sluggish than expected. Shares of LogMeIn ( NASDAQ:LOGM ) jumped on Friday after the cloud-based connectivity provider reported second-quarter results. LogMeIn beat analyst estimates for both revenue and earnings, sending the stock up 8.7% by 3 p.m. EDT. Shares were up as much as 17.1% earlier in the day. LogMeIn reported second-quarter revenue of $313.1 million on a generally accepted accounting principles ( GAAP ) basis, up 2.4% year over year. Non-GAAP revenue was $313.4 million, ahead of the average analyst estimate by about $2.4 million. Non-GAAP earnings per share (EPS) came in at $1.17, down from $1.32 in the prior-year period but $0.04 higher than analysts were expecting. The company posted a net loss of $0.13 per share on a GAAP basis, down from a profit of $0.12 per share in the prior-year period. "We improved our competitive position in our core meeting market while successfully launching new p
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