Why LivePerson Stock Tanked Today

Shares of LivePerson (NASDAQ: LPSN) have tanked today, down by 9% as of noon EDT, after the company reported third-quarter earnings. The results were mixed relative to consensus estimates.

Revenue in the third quarter increased 26% to $94.8 million, topping the $92.6 million in sales that Wall Street was expecting. That resulted in a net loss of $38.7 million, or $0.58 per share, which was significantly worse than the $0.06 per share in red ink that analysts were modeling for. The conversational technology company reported adjusted EBITDA of $15.1 million.

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Source Fool.com