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LogMeIn Inc. (LOGM) Is Heading Higher After Q4 Earnings Beat

LogMeIn Inc. (LOGM) reported fourth quarter non-GAAP EPS of $0.16 after the close Thursday, compared to $0.24 in the previous year. Analysts expected EPS of $0.15. The company expects to report first quarter non-GAAP EPS of $0.20 to $0.21 and between $0.86 and $0.96 for the full year 2014. The consensus estimates are for EPS of $0.17 and $0.77.

LogMeIn climbed throughout the middle portion of Thursday's session and closed up by 1.09 at $33.27 on above average volume. The stock rose to a week and a half high.

by RTTNews Staff Writer

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