LivePerson loss bigger than expected, shares plunge 40% (updated)

LivePerson

15/03/2023 22:20

(Adds forecast, details about results)
       March 15 (Reuters) - Customer-service technology company
LivePerson  LPSN.O  on Wednesday reported a bigger-than-expected
quarterly loss and forecast full-year revenue much below
estimates, sending its shares plunging about 40% in after-hours
trading.
        LivePerson forecast full-year revenue in a range of $395
million to $410 million, compared with $514.8 million the
company reported for 2022.
  
        Analysts on average expect revenue of $550.5 million in
the year, according to Refinitiv IBES data. 
  
        LivePerson, which also forecast lower first-quarter
revenue, posted a loss of 55 cents per share for the fourth
quarter, bigger than analysts' estimate of 22 cents.
  
        Its revenue of $122.5 million also missed analysts'
estimates of a $127.0 million.
  
    

 (Reporting by Kannaki Deka in Bengaluru; Editing by Maju
Samuel)
 ((Kannaki.Deka@thomsonreuters.com;))