LivePerson (LPSN) Releases Earnings Results, Misses Expectations By $-0.03 EPS

LivePerson (LPSN) reported quarterly earnings results on Wednesday, Jul-27-2016. The company reported $-0.04 earnings per share for the quarter, missing the analyst consensus estimate by $-0.03. Analysts had a consensus of $-0.01. The company posted revenue of $56.70 million in the period, compared to analysts expectations of $56.70 million. The company’s revenue was down -4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.

Many Wall Street Analysts have commented on LivePerson. Company shares were Upgraded by The Benchmark Company on Jul 7, 2016 to ” Buy”, Firm has raised the Price Target to $ 9 from a previous price target of $6 .Company shares were Reiterated by The Benchmark Company on May 5, 2016 to “Hold”, Firm has raised the Price Target to $ 6 from a previous price target of $5 .

LivePerson closed down -1.29 points or -16.50% at $6.53 with 12,88,005 shares getting traded on Thursday. Post opening the session at $6.98, the shares hit an intraday low of $6.18 and an intraday high of $7.04 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Sep 21, 2015, William Wesemann (director) purchased 10,000 shares at $8.02 per share price. According to the SEC, on May 22, 2015, Daniel Richard Murphy (CFO) purchased 1,500 shares at $8.85 per share price. On Mar 10, 2015, Alan Banks (EVP, Global Sales/Cust Success) sold 20,000 shares at $11.36 per share price, according to the Form-4 filing with the securities and exchange commission.

LivePerson Inc. (Liveperson) is a provider of digital engagement solutions offering a cloud-based platform. The Company’s platform enables businesses to connect with consumers through chat voice and content delivery across multiple channels and screens including Websites social media tablets and mobile devices. It monitors and analyzes a set of mobile and online consumer behavioral data on behalf of its customers. As a cloud computing or SaaS provider It provides solutions on a hosted basis. In addition to product offerings LivePerson provides professional services and business consulting to support deployment of its enterprise solutions. Its LiveEngage hosted engagement platform delivers actionable insights to get their existing online mobile and social platforms by engaging consumers based on a real-time understanding of consumer needs. Its Professional Services helps customers optimize the performance of its products through their online sales or service channel(s).


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