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Stock Alert: LivePerson Shares Up 11.8% In Late Trade

Shares of LivePerson Inc. (LPSN) rose $2.76 or 11.80% to $26.15 in after-hours trading session on May 5, following the company's Q1 results.

The stock has been trading between $14.08 and $45.21 for the past one year, and closed Tuesday's trade at $23.39, up 49 cents or 2.14%. Trading volume totaled 893K versus an average volume of 1.37 million shares.

The company reported Q1 net loss of $37.0 million or $0.57 per share compared to a loss of $18.9 million or $0.31 per share last year.

Adjusted EBITDA for the first quarter of 2020 was a loss of $4.6 million or $0.07 per share, as compared to a loss of $3.2 million or $0.05 per share in the first quarter of 2019.

Total revenue was $78.1 million for the first quarter of 2020, an increase of 18% as compared to the same period last year.

Analysts polled by Thomson Reuters expected a loss of $0.21 per share on revenue of $77.09 million for the quarter. Analysts' estimate typically exclude certain special items.

For the second quarter, the company expects revenue in a range of $83.0 million - $85.0 million, up 17% - 20% year over year and about 8% quarter over quarter. The company sees Q2 GAAP loss in the range of $0.39 - $0.37 per share. Fifteen Wall Street analysts estimate a loss of $0.15 per share and revenue of $81.61 million for the second quarter.

Citing macro risks stemming from the Coronavirus pandemic that could impact the company's sales cycles and customer attrition, LivePerson widened its revenue guidance range for fiscal 2020. The updated range of $340 million - $355 million calls for 17% - 22% growth in 2020. The company now expects GAAP loss of $1.63 - $1.52 per share for 2020. Analysts expect a loss of $0.45 per share and revenue of $343.29 million for fiscal 2020.

Earlier, the company expected fiscal 2020 revenue in the range of $350 million - $355 million, and net loss between $1.64 and $1.54 per share.

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