Five9: 3Q Earnings Snapshot
SAN RAMON, Calif. (AP) _ Five9 Inc. (FIVN) on Tuesday reported a loss of $1.6 million in its third quarter.
On a per-share basis, the San Ramon, California-based company said it had a loss of 3 cents. Earnings, adjusted for stock option expense and amortization costs, came to 20 cents per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.
The provider of cloud-based software to call centers posted revenue of $83.8 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $78.6 million.
For the current quarter ending in December, Five9 expects its per-share earnings to range from 21 cents to 23 cents.
The company said it expects revenue in the range of $86 million to $87 million for the fiscal fourth quarter.
Five9 expects full-year earnings in the range of 77 cents to 78 cents per share, with revenue ranging from $321.7 million to $322.7 million.
Five9 shares have climbed 27% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $55.51, an increase of 47% in the last 12 months.