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Why LivePerson Stock Plunged Today

Chris Neiger, The Motley Fool
·2-min read
Why LivePerson Stock Plunged Today

Shares of LivePerson (NASDAQ: LPSN), a customer-engagement software company, were falling hard today after the company reported worse-than-expected fourth-quarter results. LivePerson reported a loss of $0.55 per share in the quarter, which was far worse than the consensus estimate for a loss of $0.35. Investors were also likely disappointed with LivePerson's 2023 revenue guidance, which management said will be in the range of $395 million to $410 million -- a disappointing outlook compared to the consensus revenue estimate of $551.5 million for the year.

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