Why LivePerson Shares Are Surging Today
Portfolio Pulse from Lekha Gupta
LivePerson Inc's shares surged by 13% following a Q2 FY23 earnings beat. The company reported revenue of $97.52 million, surpassing the consensus of $96.85 million. Despite a 26.4% Y/Y decline in revenue due to the exit of lower-margin and non-core lines of business, the company inked 69 deals in Q2. Adjusted operating income stood at $3.1 million, a significant improvement from a loss of $12.6 million a year ago. The company also announced that CFO John Collins will assume the additional role of interim CEO, effective August 7, 2023.
August 09, 2023 | 9:58 am
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POSITIVE IMPACT
LivePerson's Q2 earnings beat and the appointment of CFO John Collins as interim CEO have led to a surge in the company's stock price.
LivePerson's Q2 earnings beat, despite a decline in revenue, indicates strong operational efficiency. The appointment of a new interim CEO also signals stability, which is likely to boost investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100