Five9: 4Q Earnings Snapshot
SAN RAMON, Calif. (AP) _ Five9 Inc. (FIVN) on Tuesday reported fourth-quarter net income of $3.7 million, after reporting a loss in the same period a year earlier.
The San Ramon, California-based company said it had net income of 6 cents per share. Earnings, adjusted for stock option expense and amortization costs, were 23 cents per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.
The provider of cloud-based software to call centers posted revenue of $72.3 million in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $66.5 million.
For the year, the company reported that its loss narrowed to $221,000. Revenue was reported as $257.7 million.
For the current quarter ending in April, Five9 expects its per-share earnings to range from 11 cents to 13 cents.
The company said it expects revenue in the range of $70 million to $71 million for the fiscal first quarter.
Five9 expects full-year earnings in the range of 58 cents to 62 cents per share, with revenue ranging from $298.5 million to $301.5 million.
Five9 shares have increased 24 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $54.31, more than doubling in the last 12 months.