LogMeIn (LOGM) Tops Q3 EPS by 3c; Issues Solid Outlook

LogMeIn (NASDAQ: LOGM) reported Q3 EPS of $0.46, $0.03 better than the analyst estimate of $0.43. Revenue for the quarter came in at $69.6 million versus the consensus estimate of $69.03 million.

LogMeIn sees Q4 2015 EPS of $0.46-$0.47, versus the consensus of $0.43. LogMeIn sees Q4 2015 revenue of $74.1-74.6 million, versus the consensus of $72.52 million.

LogMeIn sees FY2015 EPS of $1.60-$1.61, versus the consensus of $1.55. LogMeIn sees FY2015 revenue of $269.6-270.1 million, versus the consensus of $267.25 million.

"We’re happy to report a very good quarter with strong financial results and what we believe to be significant progress on our key strategic growth initiatives,” said Michael Simon, chairman and CEO of LogMeIn. “Revenue and earnings both exceeded our outlook, allowing us to raise our fourth quarter and full year outlook. In addition, we’ve taken key new steps on our collaboration, Internet of Things, and identity and access management initiatives – including our recent acquisition of LastPass – positioning the business for longer-term growth in some of technology’s most transformative markets.”

For earnings history and earnings-related data on LogMeIn (LOGM) click here.

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