Five9: 3Q Earnings Snapshot
SAN RAMON, Calif. (AP) _ Five9 Inc. (FIVN) on Tuesday reported a third-quarter loss of $1.3 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the San Ramon, California-based company said it had a loss of 2 cents. Earnings, adjusted for stock option expense and amortization costs, were 18 cents per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The provider of cloud-based software to call centers posted revenue of $65.3 million in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $61.7 million.
For the current quarter ending in December, Five9 expects its per-share earnings to range from 13 cents to 14 cents.
The company said it expects revenue in the range of $65.8 million to $66.8 million for the fiscal fourth quarter.
Five9 expects full-year earnings in the range of 49 cents to 51 cents per share, with revenue ranging from $251.1 million to $252.2 million.
Five9 shares have risen 54 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $38.37, an increase of 50 percent in the last 12 months.