Why LogMeIn Stock Dropped 11% 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
And why it could drop even more. Rich Smith ( TMFDitty ) Apr 27, 2018 at 4:23PM What happened Shares of LogMeIn ( NASDAQ:LOGM ) are tumbling in Friday trading, down 4.4% as of 3:15 p.m. EDT -- and that's the good news. The bad news is that LogMeIn was down more than 11% earlier in the day, even though the company just reported earnings that broadly beat analyst estimates. Sales in LogMeIn's fiscal Q1 2018 came in at $279.2 million, ahead of analyst expectations of $277.5 million. Profits per diluted share were $0.56 -- but $1.21 adjusted for one-time items. That latter number also was better than the $1.18 that analysts had predicted. LogMeIn beats earnings, stock crashes. Wait. What? Image source: Getty Images. So what What's not to like about that? The problem, it seems, lies not with what LogMeIn earned last quarter, but what it pr
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