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LivePerson: 1Q Earnings Snapshot

NEW YORK (AP) _ LivePerson Inc. (LPSN) on Thursday reported a loss of $3.2 million in its first quarter.

The New York-based company said it had a loss of 6 cents per share. Losses, adjusted for stock option expense and non-recurring costs, came to 1 cent per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.

The customer-service technology company posted revenue of $58.2 million in the period, which beat Street forecasts. Four analysts surveyed by Zacks expected $57.2 million.

For the current quarter ending in July, LivePerson said it expects revenue in the range of $59 million to $60 million.

The company expects full-year earnings in the range of 11 cents to 15 cents per share, with revenue ranging from $239 million to $243 million.

LivePerson shares have increased 44 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $16.60, more than doubling 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