Why LogMeIn, Inc. Stock Dropped 21.5% in July [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
Reduced guidance overshadowed a seemingly strong quarter from the remote connectivity services leader. Here's what happened. Steve Symington ( TMFSymington ) Aug 10, 2018 at 5:56PM What happened Shares of LogMeIn Inc. ( NASDAQ:LOGM ) declined 21.5% in July, according to data from S&P Global Market Intelligence , after the remote connectivity solutions specialist followed a strong quarterly report by lowering its full-year outlook. To be sure, shares fell 25.5% on July 27, 2018, alone -- the first trading day after LogMeIn told investors it earned adjusted net income of $69.8 million, or $1.32 per share on adjusted revenue of $307.1 million. Both figures easily outpaced consensus estimates at the time, which called for earnings of $1.25 per share on revenue of $305.2 million. IMAGE SOURCE: GETTY IMAGES. So what LogMeIn CEO Bill Wagne
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