Why LivePerson Stock Dove Today

LivePerson (NASDAQ: LPSN) shareholders lost ground to the market as shares dove 26% by 1:15 p.m. ET, even as the S&P 500 soared 2%. The digital-communications specialist, which had seen fantastic sales growth through earlier phases of the pandemic, released earnings results that point to slower gains ahead.

In an earnings report released before the market opened, LivePerson revealed that sales trends held up well through late 2021. Sales rose 21% to $114 million and rose 28% for the full year, thanks to robust demand for its automated messaging platform.

LivePerson's management team highlighted the company's expanding customer footprint and elevated engagement. However, the company signaled a shift in that growth strategy ahead.

Source Fool.com