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LivePerson: 1Q Earnings Snapshot

NEW YORK (AP) _ LivePerson Inc. (LPSN) on Thursday reported a loss of $18.9 million in its first quarter.

The New York-based company said it had a loss of 31 cents per share. Losses, adjusted for stock option expense and non-recurring costs, were 16 cents per share.

The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 10 cents per share.

The customer-service technology company posted revenue of $66.4 million in the period, which topped Street forecasts. Seven analysts surveyed by Zacks expected $66.1 million.

For the current quarter ending in July, LivePerson said it expects revenue in the range of $69.5 million to $70.5 million.

The company expects a full-year loss of 92 cents to 83 cents per share, with revenue ranging from $284.5 million to $291.5 million.

LivePerson shares have climbed 59% since the beginning of the year. The stock has risen 80% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LPSN at https://www.zacks.com/ap/LPSN