LogMeIn shares fall more than 8% after earnings [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 shares fall more than 8% after earnings Shares of LogMeIn Inc. LOGM, +2.00% stumbled more than 8% late Thursday despite better-than-expected first-quarter earnings and sales, company guidance, and new-orders value. LogMeIn said it earned $29.7 million, or 56 cents a share, in the quarter, versus a loss of $18.6 million, or 43 cents a share, in the year-ago period. Adjusted for one-time items, LogMeIn earned $64.9 million, or $1.21 a share, compared with $38.1 million, or 85 cents a share, a year ago. Sales reached $279.2 million, from $187.4 million a year ago. Analysts polled by FactSet expected adjusted earnings of $1.18 a share on sales of $277 million. LogMeIn said it expects second-quarter revenue to be in the range of $303 million to $305 million, and full-year 2018 revenue to be in the range of $1.205 billion to $1.220 billion. The FactSet analysts expect 2018 sales around $1.15 billion and second-quarter sales around $283 million. New orders reached $325.6 million,
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