LivePerson Earnings: Here’s Why Investors are Happy Now
LivePerson Inc. (NASDAQ:LPSN) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 7.47%.
LivePerson Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 40% to $0.03 in the quarter versus EPS of $0.05 in the year-earlier quarter.
Revenue: Rose 12.26% to $43.23 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: LivePerson Inc. reported adjusted EPS income of $0.03 per share. By that measure, the company missed the mean analyst estimate of $0.04. It beat the average revenue estimate of $42.92 million.
Quoting Management: “During the quarter we brought our customer summit ‘Aspire’ to a global audience by hosting events in both Australia and the UK, and saw attendance jump by over 50% from last year, indicating a growing commitment to innovation and best practices in digital engagement,” said CEO Robert LoCascio. “We also expanded our global footprint by adding our first two enterprise customers in Japan, and we deepened relationships with several key customers.”
Key Stats (on next page)…