LivePerson Earnings: Here’s Why Investors are Selling Shares Now
LivePerson Inc. (NASDAQ:LPSN) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 4.83%.
LivePerson Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 0% to $0.08 in the quarter versus EPS of $0.10 in the year-earlier quarter.
Revenue: Rose 16.41% to $42.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: LivePerson Inc. reported adjusted EPS income of $0.08 per share. By that measure, the company missed the mean analyst estimate of $0.08. It beat the average revenue estimate of $41.7 million.
Quoting Management: “During the fourth quarter we expanded some of our larger global accounts, exceeded our top line projections, and continued to see strong interest surrounding our new products,” said CEO Robert LoCascio. “I believe the solid foundation we built in people and processes should foster a natural evolution in the business, especially during 2013 as we work to deliver a more integrated, intelligent engagement platform.”
Key Stats (on next page)…
Revenue increased 7.13% from $39.67 million in the previous quarter. EPS decreased 0% from $0.08 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.08 and has not changed. For the current year, the average estimate is a profit of $0.31, which is the same with that ninety days ago.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)