LPSN - Why LivePerson Stock Soared Today
Shares of LivePerson (NASDAQ: LPSN) have soared today, up by 15% as of 2:45 p.m. EST, after the company reported fourth-quarter earnings. The results were mixed compared to expectations, and guidance was also strong.
Revenue in the fourth quarter increased 29% to $102.1 million, ahead of the consensus estimate of $99.2 million. That resulted in a net loss per share of $0.20, which was worse than the $0.01 per share in adjusted profits that Wall Street was looking for. The technology company , which specializes in conversational commerce software, said that it inked 128 new contracts during the quarter, including 10 deals worth over $1 million.
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Why LivePerson Stock Soared Today