LivePerson Q2 2024 GAAP EPS $(0.33) Misses $(0.19) Estimate, Sales $79.875M Beat $77.364M Estimate
Portfolio Pulse from Benzinga Newsdesk
LivePerson (NASDAQ:LPSN) reported Q2 2024 GAAP EPS of $(0.33), missing the $(0.19) estimate by 73.68%. Sales were $79.875M, beating the $77.364M estimate by 3.25%. EPS decreased 375% YoY, while sales decreased 18.10% YoY.
July 31, 2024 | 8:48 pm
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NEGATIVE IMPACT
LivePerson reported a significant miss on EPS for Q2 2024, with a loss of $(0.33) per share compared to the $(0.19) estimate. Sales slightly beat expectations but were down 18.10% YoY. The substantial EPS miss and YoY decline in sales are likely to negatively impact the stock price in the short term.
The significant miss on EPS and the YoY decline in both EPS and sales are strong negative indicators. Despite the slight beat on sales estimates, the overall financial performance is likely to lead to a negative short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100