U.S. Markets closed

LivePerson posts 3Q loss but tops Wall Street view

The Associated Press

NEWS: LivePerson Inc. on Wednesday posted a loss for its third quarter but results still came in ahead of market expectations. Shares soared in extended trading.

DETAILS: The company, which provides customer-service technology, said that the value of its bookings for the quarter increased 26 percent to $10.2 million.

NUMBERS: The company reported a loss of $730,000, or a penny per share, for the quarter. That is compared with net income of $1.6 million, or 3 cents per share, in the same months last year.

Excluding one-time items, the company said it posted a profit of 7 cents per share. Revenue increased 14 percent to $45.2 million.

Analysts polled by FactSet were anticipating earnings of 4 cents per share on revenue of $44.5 million.

FUTURE: LivePerson expects adjusted earnings of 4 to 6 cents per share in its fourth quarter on revenue between $46 and $47 million. Analysts had forecast earnings of 6 cents per share on revenue of $47.1 million.

STOCK: Shares of the New York-based company rose $1.11, or 12 percent, to $10.22 in after-hours trading. Its stock price fell 14 cents to close regular trading at $9.11, down 31 percent in 2013.