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LogMeIn Inc Issues Q3 2013 Guidance; Revenue Guidance Above Analysts' Estimates; Raises FY 2013 Guidance


Thursday, 25 Jul 2013 04:08pm EDT 

LogMeIn Inc announced that for the third quarter of 2013, expects third quarter revenue to be in the range of $41.9 million to $42.4 million. Non-GAAP net income is expected to be in the range of $3.0 million to $3.3 million, or $0.12 to $0.13 per diluted share. Including stock compensation expense, patent litigation related expenses, and acquisition related costs and amortization, the Company expect to report a GAAP net loss in the range of $1.6 million to $1.9 million, or $0.07 to $0.08 per share. For fiscal 2013, the Company expects revenue to be in the range of $162.7 million to $164.2 million. Non-GAAP net income is expected to be in the range of $12.4 million to $13.1 million, or $0.49 to $0.52 per diluted share (EPS). Including stock compensation expense, patent litigation related expenses, and acquisition related costs and amortization, the Company expect to report a GAAP net loss in the range of $10.6 million to $11.4 million, or $0.43 to $0.47 per share. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $40.5 million and EPS of $0.12 for the third quarter of 2013; revenue of $159.2 million and EPS of $0.49 for fiscal 2013. 

Company Quote

48.48
0.36 +0.75%
19 Dec 2014