Newsletter

Menu

LogMeIn scores Q3 beat, announces CFO departure

By Toby |
Earnings Update by AlphaStreet

LogMeIn, Inc. (NASDAQ: LOGM), a provider of cloud-based remote connectivity service, on Thursday reported third-quarter results that surpassed Wall Street predictions.

The company said its revenues for the third quarter rose 2.6% to $316.9 million, ahead of analysts’ estimate of $315 million, driven by the strength of its products.

LogMeIn Q3 2019 earnings infographic

Meanwhile, adjusted EPS fell by a cent year-over-year to $1.39, even the street was expecting $1.36.

CEO Bill Wagner said in a statement, “Our investments in our growth products continued to pay off in the quarter and enabled us to exceed our guidance.  Led by Jive and LastPass, our growth products grew 34% in Q3 and now account for more than a quarter of our revenue.”

CFO departure

The Boston-based firm, which provides products that allow access to remote systems, said its CFO Ed Herdiech will step down some time next year. Herdiech has been with the LogMeIn for 13 years and was integral to its IPO in 2009.

Outlook

For the fourth quarter, the company currently expects revenues in the range of $319 million to $321 million, while adjusted net income is estimated in the range of $1.39 to $1.41 per diluted share.

For the full year, adjusted revenues are projected to be between $1.258 billion and $1.260 billion, while adjusted EPS anticipated in the range of  $5.12 to $5.14.

LOGM shares have declined 17% since the beginning of this year.

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Advertisement

More on this Company

CSCO Earnings: All you need to know about Cisco Q2 2022 earnings results

February 17, 2022

Infographic: Baidu (BIDU) Q3 2021 earnings highlights

November 17, 2021

Key highlights from DocuSign (DOCU) Q2 2022 earnings results

September 2, 2021

232 responses to “LogMeIn scores Q3 beat, announces CFO departure”

  2. Chirurgiens esthétique Tunisie

    […]Wonderful story, reckoned we could combine a handful of unrelated data, nevertheless seriously worth taking a appear, whoa did a single learn about Mid East has got far more problerms also […]

  8. Business majors

    […]that will be the finish of this article. Right here you’ll uncover some web-sites that we believe you will appreciate, just click the hyperlinks over[…]

  10. Simulation Models

    […]that is the finish of this write-up. Right here you will uncover some websites that we consider you’ll value, just click the links over[…]

  16. grading system

    […]check below, are some completely unrelated internet sites to ours, having said that, they are most trustworthy sources that we use[…]

  18. Code of Conduct

    […]although websites we backlink to below are considerably not related to ours, we really feel they are truly worth a go as a result of, so have a look[…]

  37. fue

    […]Wonderful story, reckoned we could combine a few unrelated data, nevertheless seriously really worth taking a appear, whoa did one discover about Mid East has got much more problerms at the same time […]

  45. fue

    […]please pay a visit to the internet sites we comply with, including this one particular, as it represents our picks from the web[…]

  46. future university

    […]that may be the end of this write-up. Here you will find some web-sites that we feel you will value, just click the links over[…]

  48. علم العقاقير والسموم

    […]Wonderful story, reckoned we could combine a number of unrelated data, nevertheless really worth taking a search, whoa did one particular understand about Mid East has got much more problerms at the same time […]

  52. Maillot de football

    […]very couple of internet sites that transpire to be comprehensive below, from our point of view are undoubtedly effectively worth checking out[…]

  68. redboost mediprime

    […]although internet websites we backlink to below are considerably not connected to ours, we really feel they’re essentially really worth a go by way of, so possess a look[…]

  77. morkie dog

    […]always a significant fan of linking to bloggers that I adore but really don’t get quite a bit of link really like from[…]

  78. Upright Piano Moving

    […]we prefer to honor many other internet web sites on the internet, even if they aren’t linked to us, by linking to them. Below are some webpages really worth checking out[…]

  82. mini frenchie for sale

    […]we prefer to honor lots of other online web pages around the internet, even if they aren’t linked to us, by linking to them. Under are some webpages worth checking out[…]

  96. Fiverr

    […]we prefer to honor several other world-wide-web web sites around the web, even if they aren’t linked to us, by linking to them. Underneath are some webpages worth checking out[…]

  100. FUE

    […]Wonderful story, reckoned we could combine some unrelated data, nevertheless definitely really worth taking a search, whoa did one master about Mid East has got a lot more problerms also […]

  101. FUE

    […]Every the moment inside a when we decide on blogs that we study. Listed beneath are the most current websites that we select […]

  104. Organized moving

    […]although web sites we backlink to beneath are considerably not connected to ours, we really feel they’re essentially worth a go via, so possess a look[…]

  108. FiverrEarn

    […]Every once inside a even though we choose blogs that we read. Listed below are the most current web sites that we choose […]

  112. FiverrEarn

    […]just beneath, are quite a few entirely not connected internet sites to ours, even so, they’re certainly really worth going over[…]

  117. partners

    […]we like to honor quite a few other world wide web sites on the net, even if they aren’t linked to us, by linking to them. Underneath are some webpages really worth checking out[…]

  125. FiverrEarn

    […]that could be the end of this article. Here you’ll obtain some web-sites that we feel you’ll enjoy, just click the hyperlinks over[…]

  126. FiverrEarn

    […]very handful of websites that happen to be comprehensive beneath, from our point of view are undoubtedly nicely really worth checking out[…]

  128. FiverrEarn

    […]we like to honor lots of other internet websites around the web, even if they aren’t linked to us, by linking to them. Underneath are some webpages really worth checking out[…]

  138. FiverrEarn

    […]Every once inside a while we pick blogs that we read. Listed beneath would be the latest web sites that we select […]

  141. puravive scam

    […]very couple of websites that come about to be detailed beneath, from our point of view are undoubtedly effectively really worth checking out[…]

  145. french bulldog buy

    […]although web-sites we backlink to below are considerably not related to ours, we feel they are essentially really worth a go as a result of, so possess a look[…]

  152. One Peace AMV

    […]that is the finish of this report. Here you’ll locate some web-sites that we believe you’ll enjoy, just click the hyperlinks over[…]

  154. mobile app development Singapore

    […]Wonderful story, reckoned we could combine some unrelated data, nevertheless seriously worth taking a look, whoa did one master about Mid East has got more problerms as well […]

  156. 918kiss

    […]please check out the web pages we adhere to, like this 1, as it represents our picks through the web[…]

  158. Best Korean skincare

    […]we prefer to honor lots of other web web-sites around the internet, even though they aren’t linked to us, by linking to them. Under are some webpages worth checking out[…]

  161. Raahe Guide

    […]just beneath, are numerous totally not associated websites to ours, even so, they are surely really worth going over[…]

  166. SaaS Attorney

    […]very handful of web-sites that happen to become detailed below, from our point of view are undoubtedly properly worth checking out[…]

  171. mzplay

    […]please pay a visit to the sites we comply with, including this one particular, as it represents our picks in the web[…]

  172. wix seo

    […]Every once in a though we decide on blogs that we study. Listed beneath would be the newest web sites that we select […]

  175. live nude chat

    […]Every as soon as inside a whilst we pick blogs that we read. Listed below are the most recent web-sites that we pick […]

  178. clima en neza

    […]just beneath, are quite a few absolutely not connected web-sites to ours, even so, they’re certainly really worth going over[…]

  179. clima en chimalhuacan

    […]although internet websites we backlink to below are considerably not connected to ours, we feel they’re actually worth a go via, so have a look[…]

  182. linh hoang

    […]very few sites that come about to become in depth beneath, from our point of view are undoubtedly effectively really worth checking out[…]

  183. sick

    […]Every the moment in a when we pick out blogs that we read. Listed below would be the latest websites that we select […]

  184. my free cams

    […]very couple of web-sites that occur to be comprehensive below, from our point of view are undoubtedly well worth checking out[…]

  190. best probiotic for english bulldog

    […]Wonderful story, reckoned we could combine a handful of unrelated information, nonetheless definitely really worth taking a search, whoa did one understand about Mid East has got extra problerms too […]

  191. esports

    […]just beneath, are numerous completely not connected internet sites to ours, on the other hand, they may be certainly really worth going over[…]

  193. hwid cleaner

    […]just beneath, are a lot of absolutely not connected web sites to ours, nonetheless, they’re surely really worth going over[…]

  200. dr kim acupuncture

    […]that may be the end of this post. Right here you’ll come across some web sites that we think you’ll value, just click the links over[…]

  204. surrogacy mexico

    […]that is the finish of this article. Right here you’ll obtain some sites that we believe you’ll value, just click the links over[…]

  205. nepo hat

    […]very handful of websites that come about to be in depth below, from our point of view are undoubtedly properly worth checking out[…]

  227. French Bulldog Rescue

    […]although web sites we backlink to below are considerably not associated to ours, we really feel they’re truly really worth a go as a result of, so have a look[…]

  230. exotic bullies

    […]just beneath, are several entirely not connected web pages to ours, even so, they’re certainly worth going over[…]

  231. gray french bulldog

    […]that may be the end of this post. Right here you will find some internet sites that we feel you’ll appreciate, just click the hyperlinks over[…]

  232. mexican candy store

    […]we prefer to honor a lot of other online internet sites on the internet, even when they aren’t linked to us, by linking to them. Underneath are some webpages really worth checking out[…]

Top