NEW YORK (AP) — NEW YORK (AP) — LivePerson Inc. (LPSN) on Wednesday reported a loss of $35.6 million in its first quarter.
The New York-based company said it had a loss of 40 cents per share. Losses, adjusted for stock option expense and non-recurring costs, came to 15 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.
The customer-service technology company posted revenue of $85.1 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $80.5 million.
For the current quarter ending in June, LivePerson said it expects revenue in the range of $76 million to $80 million.
The company expects full-year revenue in the range of $300 million to $315 million.
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