Shares of global technology company LivePerson (NASDAQ:LPSN) gained over 7% in the extended trading hours on November 7 following stronger-than-expected Q3 revenues as well as increased FY2022 revenue guidance.
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Q3 revenues jumped 9.5% year-over-year to $129.6 million, beating the consensus by around $7 million.
Positively, the company reported adjusted EBITDA of $9.1 million, which grew 31.9% and beat the top end of guidance.
However, LivePerson reported a Q3 loss of $0.56 per share versus a loss of $0.47 per share in the prior-year period.
Based on Q3 results, management raised its guidance range for the full year 2022. For FY22, total revenue is expected to be in the range of $517 – $521 million. This is higher than the prior guided range of $507.1 – $518.3 million.
Meanwhile, the company reiterated its guidance for adjusted EBITDA to range between $1 – $10 million.
For Q4, total revenue is expected to range between $124.5 – $128.7 million, with expected year-over-year growth of 1% – 4%. Adjusted EBITDA is forecasted to range between $14.9 – $24.0.
Is LPSN a Buy?
As per TipRanks, Liveperson stock has received one Buy, seven Holds, and one Sell recommendation for a Hold consensus rating. LivePerson’s average price forecast of $13.43 implies 32.71% upside potential.
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