LivePerson Drops Most Since March on Second-Quarter Outlook

LivePerson Inc. (LPSN) slid the most since the shares listed in Tel Aviv in March after the customer- service software maker issued a second-quarter outlook that was below analysts’ expectations.

The shares tumbled as much as 10 percent to 41.05 shekels. They were down 5.8 percent at 10:45 a.m. in Tel Aviv

Second-quarter revenue will be $31.3 million to $31.8 million and adjusted earnings per share will be 6 cents to 8 cents, the company said yesterday in a PR Newswire statement. Revenue was expected to reach $32 million and earnings 8 cents a share, according to the median estimates of seven analysts on Bloomberg.

To contact the reporter on this story: Susan Lerner in Jerusalem at slerner2@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

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