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LivePerson: 3Q Earnings Snapshot

NEW YORK (AP) _ LivePerson Inc. (LPSN) on Thursday reported a loss of $7 million in its third quarter.

The New York-based company said it had a loss of 12 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 2 cents per share.

The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 2 cents per share.

The customer-service technology company posted revenue of $64.2 million in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $62.5 million.

For the current quarter ending in December, LivePerson expects its per-share earnings to range from 1 cent to 3 cents.

The company said it expects revenue in the range of $63.9 million to $65.9 million for the fiscal fourth quarter.

LivePerson expects full-year earnings in the range of 5 cents to 7 cents per share, with revenue ranging from $248 million to $250 million.

LivePerson shares have more than doubled since the beginning of the year. In the final minutes of trading on Thursday, shares hit $23.23, 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