LivePerson Ticks Lower Following Q4 Earnings Release
Shares of LivePerson (NASDAQ: LPSN) are trading lower in the after-hours following the release of the company's Q4 earnings results. Currently, shares are lower by 1.05%, trading at $12.45; they ended the regular session lower by 0.79%, at $12.59.
LivePerson reported Q4 EPS of $0.07 on revenues of $36.5 million. Revenues increased 22% year over year.
The company's cash balance was $93.3 million at December 31, 2011 as compared to $80.9 million as of September 30, 2011, and $61.3 million at December 31, 2010.
"The fourth quarter was marked by consistently strong growth rates and operating margins as well as solid cash flow generation, which was on par with the year as a whole," said CEO Robert LoCascio.
"2011 was a noteworthy year for LivePerson as we began to shift from the framework of a single product to a multi-product platform offering our customers even more ways to meaningfully engage their customers. A big focus in 2012 and beyond will be continuing to build on the strength of our core and working to establish LivePerson as a leader in the data intelligence field."
LivePerson, Inc. is a provider of online engagement solutions. LivePerson's hosted platforms support and manage online interactions for businesses.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.