LivePerson Expects Total Revenue Of $300M-$315M For 2024 (Est $401.64M), $79M-$83M For Q1 (Est $96.231M)
Portfolio Pulse from Benzinga Newsdesk
LivePerson projects a significant revenue shortfall for 2024, with expectations of $300M-$315M against analysts' estimates of $401.64M. Similarly, Q1 revenue projections of $79M-$83M fall short of the expected $96.231M. These projections exclude $7.2M of Kasamba revenue from Q1 2023.
February 28, 2024 | 10:44 pm
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NEGATIVE IMPACT
LivePerson anticipates lower revenues for 2024 and Q1, missing analyst estimates significantly.
LivePerson's projected revenue shortfall for both 2024 and Q1 2024 compared to analyst expectations suggests a significant negative impact on investor sentiment and stock price in the short term. The exclusion of $7.2M of Kasamba revenue further emphasizes the downturn.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100