LivePerson Shares Soared: What You Need to Know
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
So what: Fourth-quarter revenue jumped 22% to $36.5 million, with full-year revenue similarly putting up a 21% increase to $133.1 million. Looking at the bottom line, net income in the fourth quarter came out to $3.9 million, or $0.07 per share.
Now what: Guidance looked solid also, with first-quarter sales expected to be between $37 million and $37.5 million, which should turn into earnings per share of $0.08-$0.10. LivePerson added 25 new names to its customer list, providing real-time chat, voice, and content services. CEO Robert LoCascio said, "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."
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At the time this article was published Fool contributorEvan Niuholds no position in any company mentioned.Click hereto see his holdings and a short bio.Motley Fool newsletter serviceshave recommended buying shares of LivePerson. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.
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