Why LivePerson Shares Rose 56% Last Month
Shares of LivePerson (NASDAQ: LPSN) gained 56.4% in May 2020, according to data from S&P Global Market Intelligence. The maker of AI-powered chatbots and highly automated business communication tools is a big winner in the COVID-19 era, as proven in a solid first-quarter report in early May.
LivePerson's first-quarter sales rose 18% year over year to $78 million. Adjusted net losses increased from $0.25 to $0.41 per share. The analyst consensus pointed to a net loss of $0.21 per share on sales near $77 million, so this was a mixed report.
Based on these results and ongoing business trends, LivePerson offered an improved full-year outlook. Operating losses are now seen near $15 million, compared to $21 million three months ago. Management expect adjusted EBITDA profits of roughly $7 million, up from a breakeven view in the original full-year guidance.
Source Fool.com
