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.