LivePerson (LPSN) Releases Quarterly Earnings, Beats Expectations By $0.01 EPS
LivePerson (NASDAQ:LPSN) issued its quarterly earnings data on Wednesday. The company reported $0.06 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.05 by $0.01, AnalystRatings.Net reports. The company had revenue of $51.10 million for the quarter, compared to the consensus estimate of $49.50 million. During the same quarter last year, the company posted $0.03 earnings per share. LivePerson’s revenue was up 13.1% compared to the same quarter last year. LivePerson updated its Q3 guidance to $0.05-0.07 EPS and its FY14 guidance to $0.21-0.25 EPS.
LPSN has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of LivePerson from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 8th. They now have a $11.50 price target on the stock. Finally, analysts at Wedbush cut their price target on shares of LivePerson from $14.00 to $10.00 in a research note on Friday, May 9th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $12.60.
LivePerson (NASDAQ:LPSN) traded up 5.07% on Wednesday, hitting $10.16. 630,239 shares of the company’s stock traded hands. LivePerson has a 52 week low of $8.84 and a 52 week high of $15.24. The stock’s 50-day moving average is $9.77 and its 200-day moving average is $11.2. The company’s market cap is $550.7 million.
LivePerson, Inc (NASDAQ:LPSN) is a provider of online engagement solutions offering a cloud-based platform, which enables businesses to proactively connect with consumers through chat, voice, and content delivery, across multiple channels and screens, including websites, social media, and mobile devices.
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