LogMeIn Earnings: Here’s Why Investors Like These Results
LogMeIn, Inc. (NASDAQ:LOGM) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0%.
LogMeIn, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 14.29% to $0.12 in the quarter versus EPS of $0.14 in the year-earlier quarter.
Revenue: Rose 14.41% to $37.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: LogMeIn, Inc. reported adjusted EPS income of $0.12 per share. By that measure, the company beat the mean analyst estimate of $0.1. It beat the average revenue estimate of $36.31 million.
Quoting Management: “We had a strong first quarter with new sales and renewals that allowed us to deliver results that exceeded the high-end of our guidance,” said Michael Simon, CEO of LogMeIn. “In addition, we successfully attracted 2.7 million first time users and 37,000 new premium subscribers — both record highs.”
Key Stats (on next page)…