LivePerson Stock Hits New Highs After Earnings
No one will confuse LivePerson (NASDAQ: LPSN) for a high-octane growth stock, but it is showing signs of life these days. The provider of high-tech customer support saw its shares poke its head into new two-year highs in after-hours trading on Wednesday after posting better-than-expected quarterly results. LivePerson is also boosting its guidance, often the hallmark of a quarter well done.
Revenue clocked in at $54.1 million for the fourth quarter, short of the $56.7 million it rang up a year earlier but comfortably ahead of the range of $51 million to $52 million that it was targeting for its top line back in mid-May. The bottom line is still a work in progress. It was another reported loss for LivePerson, and its adjusted profit of $0.01 a share matched the low end of its earlier guidance.
The market's initial reaction is positive. The stock topped $12 for the first time since late 2014 following the earnings release, ahead of the earnings call.
Source: Fool.com
