LogMeIn shares soar following beat on earnings and upside guidance

  • LogMeIn (LOGM $40.00 +6.73) reported fourth quarter earnings of $0.16 per share, which is higher than expected, while revenues rose 22.2% year/year to $45.2 million which is higher than expected. The company issued first quarter EPS of $0.20-0.21 and revenues $46.8-47.3 million which is higher than expected. 
  • The company issued guidance for fiscal year 2014 with EPS of $0.86-0.96 and revenues $198-202 million which is higher than expected.

Briefing.com is the leading Internet provider of live market analysis for U.S. Stock, U.S. Bond, and world FX market participants.

Read more Story Stocks articles