LPSN - Why LivePerson Stock Rocketed Higher Today
Shares of LivePerson (NASDAQ: LPSN) soared on Wednesday after the provider of conversational commerce solutions reported its first-quarter results. While the numbers were mixed relative to analyst expectations, the company predicted that it would return to profitability one quarter ahead of schedule. The stock was up 41% at 1:35 p.m. EDT.
LivePerson reported first-quarter revenue of $78.1 million, up 17.6% year over year and about $1 million higher than the average analyst estimate. The company signed 130 deals during the quarter, 10% more than in the prior-year period. Average revenue per enterprise and mid-market customer jumped more than 20% to $365,000.
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