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Thursday, July 26, 2018

=LogMeIn (LOGM) reported earnings on Thur 26 July 2018 (a/h)



LogMeIn beats by $0.07, reports revs in-line; guides Q3 below consensus; lowers FY18 below consensus 
  • Reports Q2 (Jun) earnings of $1.32 per share, excluding non-recurring items, $0.07 better than the Capital IQ Consensus of $1.25; revenues rose 15.0% year/year to $307 mln vs the $305.13 mln Capital IQ Consensus.
  • Co issues downside guidance for Q3, sees EPS of $1.33-1.35, excluding non-recurring items, vs. $1.36 Capital IQ Consensus Estimate; sees Q3 revs of $302-304 mln vs. $312.01 mln Capital IQ Consensus Estimate.
  • Co issues downside guidance for FY18, sees EPS of $5.17-5.26, excluding non-recurring items, vs. $5.27 Capital IQ Consensus Estimate; sees FY18 revs of $1.185-1.195 bln vs. $1.22 bln Capital IQ Consensus Estimate. 
  • "While we expect isolated headwinds in the second half of the year, we continue to be pleased with the trajectory of our long-term growth drivers-Unified Communications, Digital Engagement and Identity-all of which accelerated in the quarter."

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