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LogMeIn Inc Issues Q4 2013 Guidance Above Analysts' Estimates; Raises FY 2013 Guidance


Thursday, 24 Oct 2013 04:08pm EDT 

LogMeIn Inc announced that for the fourth quarter of 2013, it expects revenue to be in the range of $43.7 million to $44.2 million and Non-GAAP net income to be in the range of $3.5 million to $3.8 million, or $0.14 to $0.15 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 $1.5 million to $1.8 million, or $0.06 to $0.07 per share. For fiscal 2013, it expects revenue to be in the range of $164.8 million to $165.3 million and Non-GAAP net income to be in the range of $13.4 million to $13.7 million, or $0.53 to $0.54 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 $8.7 million to $9.0 million, or $0.36 to $0.37 per share. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $43.5 million, net income of $3.3 million and EPS of $0.13 for the fourth quarter of 2013; revenue of $163.6 million, net income of $12.8 million and EPS of $0.51 for fiscal 2013. 

Company Quote

49.31
-0.39 -0.78%
26 Dec 2014