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LivePerson loss bigger than expected, shares plunge 40%

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Customer-service technology company LivePerson on Wednesday reported a bigger-than-expected quarterly loss and forecast full-year revenue much below estimates, sending its shares plunging about 40 per cent in after-hours trading.LivePerson forecast full-year revenue in a range of $422 million to $436 mill

Customer-service technology company LivePerson on Wednesday reported a bigger-than-expected quarterly loss and forecast full-year revenue much below estimates, sending its shares plunging about 40 per cent in after-hours trading.

LivePerson forecast full-year revenue in a range of $422 million to $436 million, compared with $514.8 million the company reported for 2022.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.Source: Reuters

 

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LivePerson posts bigger fourth-quarter operating lossCustomer-service technology company LivePerson on Wednesday reported a bigger adjusted operating loss for the fourth quarter, sending its shares plunging about 40 per cent in after-hours trading. The company's adjusted operating loss was US$16.1 million, compared with US$11.4 million a year ago.
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