U.S. Markets closed

LivePerson: 4Q Earnings Snapshot

NEW YORK (AP) _ LivePerson Inc. (LPSN) on Thursday reported a loss of $6.5 million in its fourth quarter.

The New York-based company said it had a loss of 11 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, were 1 cent per share.

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

The customer-service technology company posted revenue of $65.7 million in the period, surpassing Street forecasts. Five analysts surveyed by Zacks expected $64.9 million.

For the year, the company reported that its loss widened to $25 million, or 42 cents per share. Revenue was reported as $249.8 million.

For the current quarter ending in April, LivePerson said it expects revenue in the range of $65.8 million to $66.8 million.

The company expects a full-year loss of 92 cents to 83 cents per share, with revenue ranging from $284.5 million to $291.5 million.

LivePerson shares have increased 38 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $25.95, a rise of 81 percent 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