Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why LivePerson Stock Plunged Today

TheMotleyFool

0 0

Why LivePerson Stock Plunged TodayPhoto, wide shot, wide-angle lens, Consumer electronics manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Hiroshi Sugimoto: https://img.theapi.app/temp/d8a4268f-c982-4aa8-a09e-f9ee1db62f57.png

Shares of LivePerson (NASDAQ: LPSN), a customer-engagement software company, were falling hard today after the company reported worse-than-expected fourth-quarter results.

The company missed top- and bottom-line consensus estimates and issued guidance for the full year that was well below expectations. As a result, shares of the tech stock plummeted 50.4% as of 10:59 a.m. ET on Thursday.

LivePerson reported a loss of $0.55 per share in the quarter, which was far worse than the consensus estimate for a loss of $0.35. The company's top line didn't fare any better, with sales of $122.5 million -- down 1% year over year -- missing the average analyst estimate of $126.9 million.

Source Fool.com

Like: 0

LPSN

Share