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Published on 17 Mar 2023 on MarketWatch

LivePerson’s stock rocked as executives choose cash over company shares for bonuses


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Shares of LivePerson Inc. were suffering a record one-day selloff Thursday, heading toward a seven-year low, after the provider of natural-language chat services reported a surprise fourth-quarter loss as Medicare pulled payments and executives chose to pay out bonuses in cash instead of company stock.

The company reported late Wednesday net losses that narrowed to $41.7 million, or 55 cents a share, from $49.9 million, or 70 cents a share, in the same period a year ago. Excluding nonrecurring items, FactSet said the company’s adjusted per-share loss of 24 cents missed the average analyst estimate for earnings per share of 12 cents.

NASDAQ.LPSN price evolution

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