LivePerson (NASDAQ:LPSN) issued an update on its FY 2018 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.05-0.07 for the period, compared to the Thomson Reuters consensus estimate of $0.11. The company issued revenue guidance of $248-250 million, compared to the consensus revenue estimate of $246.53 million.LivePerson also updated its Q4 guidance to $0.01-0.03 EPS.
Shares of LivePerson stock opened at $21.06 on Friday. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of -350.92 and a beta of 1.27. LivePerson has a 12-month low of $10.80 and a 12-month high of $27.40.
LivePerson (NASDAQ:LPSN) last released its earnings results on Thursday, November 8th. The technology company reported ($0.03) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.03). The firm had revenue of $64.21 million for the quarter, compared to the consensus estimate of $62.55 million. LivePerson had a negative net margin of 7.06% and a negative return on equity of 3.34%. The company’s revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.05 EPS. As a group, equities research analysts predict that LivePerson will post -0.08 earnings per share for the current year.
In related news, EVP Monica L. Greenberg sold 36,723 shares of the company’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $22.03, for a total value of $809,007.69. Following the transaction, the executive vice president now owns 31,604 shares in the company, valued at approximately $696,236.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Monica L. Greenberg sold 1,466 shares of the company’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $26.55, for a total transaction of $38,922.30. Following the completion of the transaction, the executive vice president now owns 39,849 shares in the company, valued at approximately $1,057,990.95. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,854 shares of company stock worth $1,105,304. 11.50% of the stock is currently owned by company insiders.
LivePerson, Inc provides mobile and online business messaging solutions that power digital communication between brands and consumers. It operates in two segments, Business and Consumer. The Business segment facilitates real-time online interactions, such as chat, voice, and content delivery across multiple channels and screens for corporations of various sizes.
Further Reading: Retained Earnings
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