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Five9: 2Q Earnings Snapshot

July 31, 2019

SAN RAMON, Calif. (AP) _ Five9 Inc. (FIVN) on Wednesday reported a loss of $1.9 million in its second 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 surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.

The provider of cloud-based software to call centers posted revenue of $77.4 million in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $72.6 million.

For the current quarter ending in October, Five9 expects its per-share earnings to range from 14 cents to 15 cents.

The company said it expects revenue in the range of $78 million to $79 million for the fiscal third quarter.

Five9 expects full-year earnings in the range of 70 cents to 73 cents per share, with revenue ranging from $312.5 million to $314.5 million.

Five9 shares have risen 13% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $49.37, a climb of 55% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FIVN at https://www.zacks.com/ap/FIVN

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