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.
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.
Most Popular
Important takeaways from Conagra Brands’ Q4 2025 report
Conagra Brands, Inc. (NYSE: CAG), a leading provider of consumer packaged goods, reported weaker-than-expected sales and adjusted earnings for its fourth quarter, reflecting ongoing economic uncertainty and muted consumer spending.
Delta Air Lines (DAL) gains on strong Q2 2025 performance
Shares of Delta Air Lines (NYSE: DAL) rose 12% on Thursday after the company delivered strong results for the second quarter of 2025 and restored its guidance for the full
CAG Earnings: Conagra Brands Q4 adj. profit drops, misses estimates
Conagra Brands, Inc. (NYSE: CAG), a leading provider of consumer packaged goods, reported lower sales and adjusted earnings for the fourth quarter of 2025. Results missed analysts' estimates. Net sales
Comments
Comments are closed.