NEW YORK (AP) _ LivePerson Inc. (LPSN) on Tuesday reported a loss of $37 million in its first quarter.
The New York-based company said it had a loss of 57 cents per share. Losses, adjusted for stock option expense and non-recurring costs, came to 18 cents per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 22 cents per share.
The customer-service technology company posted revenue of $78.1 million in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $77.1 million.
For the current quarter ending in July, LivePerson said it expects revenue in the range of $83 million to $85 million.
The company expects full-year results to range from a loss of $1.63 per share to a loss of $1.52 per share, with revenue ranging from $340 million to $355 million.
LivePerson shares have fallen 37% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $23.39, a drop of 20% in the last 12 months.