LivePerson’s financial performance for Q4 2023 was a mixed bag, with total revenue reaching $95.5 million, slightly surpassing their forecast but down 22.1% from the previous year. The company reported a loss of $40.5 million, translating to losses per share of 48 cents, missing Wall Street’s projections. Looking ahead to Q1 2024, LivePerson’s revenue guidance fell short of expectations, with estimates between $79 million to $83 million for the quarter and full-year revenue projected at $300 million to $315 million. Following these results, LivePerson’s shares took a hit in the market.
LivePerson Inc. (LPSN) Stock Plummets 42.92% on February 29, 2024
On February 29, 2024, LivePerson Inc. (LPSN) experienced a significant drop in its stock price, trading near the bottom of its 52-week range and below its 200-day simple moving average. The stock opened at $1.71, which was $0.69 lower than its previous close, and saw a decrease of $1.03 since the market last closed, resulting in a 42.92% drop.
LPSN Stock Performance Analysis: Revenue Up, Net Income Down – February 29, 2024
On February 29, 2024, LPSN stock experienced mixed performances based on the financial data provided by CNN Money. The company’s total revenue for the past year was reported at $514.80 million, which represented a 9.62% increase compared to the previous year. In the third quarter, LPSN generated $101.33 million in total revenue, reflecting a 3.91% increase from the previous quarter.
However, despite the growth in total revenue, LPSN’s net income showed a significant decline. The company reported a net income of -$225.75 million for the past year, marking an 80.64% decrease from the previous year. In the third quarter, LPSN recorded a net income of -$53.31 million, which represented a staggering 592.63% decrease from the previous quarter.
Furthermore, LPSN’s earnings per share (EPS) also experienced a decline. The company reported an EPS of -$3.03 for the past year, reflecting a 68.75% decrease from the previous year. In the third quarter, LPSN’s EPS was reported at -$0.68, indicating a 677.68% decrease from the previous quarter.
Overall, LPSN’s stock performances on February 29, 2024, were impacted by the significant decline in net income and EPS, despite the growth in total revenue. Investors may need to closely monitor the company’s financial performance and strategic initiatives to assess its long-term growth potential and stock value.
