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LogMeIn (LOGM -28.7%) goes into freefall following its Q4 report. Though results beat estimates,...
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Friday, February 15, 12:28 PM ETLogMeIn (LOGM -28.7%) goes into freefall following its Q4 report. Though results beat estimates, the provider of mobile apps/services for remote PC access guided for Q1 revenue of $36M-$36.5M and EPS of $0.09-$0.10, below a consensus of $38.2M and $0.18. Also, 2013 guidance is for revenue of $154M-$157M and EPS of $0.43-$0.49, below a consensus of $164.1M and $0.81. LogMeIn, which faces plenty of competition, has authorized a $25M buyback, currently good for repurchasing 6% of shares. (PR) (transcript)
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