LPSN - Why LivePerson Stock Plunged Today
2023-03-16 11:27:58 ET
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.
For further details see:
Why LivePerson Stock Plunged Today