Five9: 2Q Earnings Snapshot
Aug. 06, 2018
SAN RAMON, Calif. (AP) _ Five9 Inc. (FIVN) on Monday reported a loss of $2 million in its second quarter.
The San Ramon, California-based company said it had a loss of 4 cents per share. Earnings, adjusted for stock option expense and amortization costs, came to 11 cents per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The provider of cloud-based software to call centers posted revenue of $61.1 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $56.5 million.
For the current quarter ending in October, Five9 expects its per-share earnings to range from 8 cents to 10 cents.
The company said it expects revenue in the range of $61 million to $62 million for the fiscal third quarter.
Five9 expects full-year earnings in the range of 39 cents to 42 cents per share, with revenue ranging from $244.5 million to $246.5 million.
Five9 shares have risen 41 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $35.04, a rise of 66 percent in the last 12 months.