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Why LivePerson Is Tumbling Today

Rich Duprey, The Motley Fool
·1-min read
Why LivePerson Is Tumbling Today

Shares of LivePerson (NASDAQ: LPSN) are tumbling today, down by 14.2% as of 11:18 a.m. ET, after the company announced it was rescheduling its fourth-quarter earnings release. The customer engagement software provider had said two weeks ago it would be releasing its financial results on March 1, but now the day before it was supposed to do so, it has filed an extension with the Securities and Exchange Commission (SEC) to delay its 10-K report until March 16, at which time it will issue its earnings and hold a video webcast of the conference call. LivePerson said the reason for the delay was so it could "perform additional review and testing of revenue recognition" related to its acquisition of precision healthcare company WildHealth for $22 million last year.

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