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LogMeIn Inc. (LOGM) Has Jumped To A New High After Q4 Profit Beat

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LogMeIn Inc. (LOGM: Quote) 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 gapped open sharply higher Friday morning and is now up 6.73 at $40.00 on above average volume. The stock has surged past resistance and has set a new high for the year.

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by RTT Staff Writer

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