LivePerson (LPSN) Reports In-Line Q2 EPS, Revenues Beat; Lowers FY18 EPS Guidance, Boosts FY18 Revenue Guidance

LivePerson (NASDAQ: LPSN) reported Q2 EPS of $0.01, in-line with the analyst estimate of $0.01. Revenue for the quarter came in at $61.7 million versus the consensus estimate of $59.46 million.

"We just signed the largest contract in our history and growth is accelerating as messaging unlocks new ways for brands to communicate with consumers and rapidly expands our total addressable market," said LivePerson CEO and founder, Rob LoCascio. "Our customers are breaking new ground with LiveEngage by directly connecting to consumers through messaging rather than voice, automating conversations through bots and AI, and leveraging our API stack to build additional value-added processes onto the platform."

"We believe LivePerson offers the industry's most sophisticated platform for powering conversational commerce," added CFO Chris Greiner. "Our unique position is attracting a rich roster of AI, machine learning and engineering talent, and helping us build a robust ecosystem of technology and distribution partners. Today\'s announced integration with WhatsApp, the world\'s most popular messaging app, provides yet another proof point in how we are leading the market forward."

GUIDANCE:

LivePerson sees FY2018 EPS of $0.10-$0.14. LivePerson sees FY2018 revenue of $245.5-247.5 million.

For earnings history and earnings-related data on LivePerson (LPSN) click here.

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