Why Shares of LivePerson Jumped Today

Shares of cloud-based messaging platform provider LivePerson (NASDAQ: LPSN) surged on Thursday following release of the the company's second-quarter report. Results were mixed relative to analyst expectations, but a guidance boost was enough to send the stock 13% higher by 11:30 a.m. EDT.

LivePerson reported second-quarter revenue of $54.1 million, down 4.6% year over year but nearly $3 million higher than the average analyst estimate. Revenue from business customers totaled $49.6 million, while consumer operations generated $4.5 million of revenue. LivePerson expects its platform transition, which is currently knocking down revenue, to end during the third quarter, with growth returning in 2018.

LiveEngage platform. Image source: LivePerson.

Source: Fool.com