Cloud company LogMeIn plummets more than 20% on weak outlook

Cloud company LogMeIn plummets more than 20% on weak outlook

5 years ago
Anonymous $dicfOfy7s2

https://www.cnbc.com/2018/07/27/logmein-stock-plummets-on-weak-outlook-for-the-year.html

Cloud-based software company LogMeIn fell more than 24 percent during late-morning trading due to weak outlook for the third quarter.

The Boston-based company reported earnings per share of $1.32 versus Wall Street expectations of $1.25, according to FactSet.