LogMeIn Inc (NASDAQ:LOGM), the software-as-a-service (SaaS) provider, saw shares tank nearly 20% in pre-market trade to US$83.65.
The fall came after the tech company reported mixed second-quarter results and posted third-quarter and full-year guidance, which was below expectations. LogMeIn said it earned US$6.6mln in the three months versus US$15mln in the same period a year ago.
Meanwhile, Expedia Group Inc (NASDAQ:EXPE) the global travel tech group, was a stock in the frame before the New York bell. The company's shares surged 8.62% to US$136.65 as it posted second-quarter numbers, which beat Wall Street expectations.
The group had earnings, adjusted for one-time gains and costs, came to US$1.38 per share, while the average consensus estimate was for earnings of US$0.91.
In other pre-market news, the Boston Beer Company Inc (NYSE:SAM) saw shares go flat to 15.5% to US$263.30. It came as the Boston-based firm, the maker of Sam Adams beer was way off its analyst earnings expectations.
The group reported second-quarter EPS (earnings per share) of US$1.98 a share, down from US$2.35 a share, in the year-earlier period. Analysts had been expecting EPS of US$2.81.
Atlassian Corp (NASDAQ:TEAM) was up over 13% before the bell as the enterprise software group announced a tie-up with rival Slack, a start-up that makes a popular messaging tool for the workplace. As part of the deal, Atlassian is shutting down its competitor Stride and making an equity investment — a "small, but symbolically important" equity investment in Slack, it said in a blog.
Shares of Atlassian soar 18.2% after-hours; Slack agrees to acquire the intellectual property of two of its messaging products, leading the company to exit the business https://t.co/p91dcju5CG pic.twitter.com/X0XhGzHSjg
— CNBC Now (@CNBCnow) 26 July 2018