Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Shares of LogMeIn Popped Today

TheMotleyFool

0 0

Shares of LogMeIn (NASDAQ: LOGM) jumped on Friday after the cloud-based connectivity provider reported second-quarter results. LogMeIn beat analyst estimates for both revenue and earnings, sending the stock up 8.7% by 3 p.m. EDT. Shares were up as much as 17.1% earlier in the day.

LogMeIn reported second-quarter revenue of $313.1 million on a generally accepted accounting principles (GAAP) basis, up 2.4% year over year. Non-GAAP revenue was $313.4 million, ahead of the average analyst estimate by about $2.4 million.

Image source: Getty Images.

Quelle Fool.com

Like: 0

LOGM

Share