LivePerson: 2Q Earnings Snapshot

Associated Press
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NEW YORK (AP) _ LivePerson Inc. (LPSN) on Wednesday reported a loss of $24 million in its second quarter.

The New York-based company said it had a loss of 38 cents per share. Losses, adjusted for stock option expense and non-recurring costs, came to 20 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 11 cents per share.

The customer-service technology company posted revenue of $71 million in the period, which topped Street forecasts. Six analysts surveyed by Zacks expected $70.1 million.

For the current quarter ending in October, LivePerson said it expects revenue in the range of $74 million to $75 million.

The company expects a full-year loss of $1.15 to $1.06 per share, with revenue ranging from $288.5 million to $292 million.

LivePerson shares have increased 76% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $33.19, a climb of 43% in the last 12 months.

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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

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