Five9: Q1 Earnings Snapshot
SAN RAMON, Calif. (AP) — SAN RAMON, Calif. (AP) — Five9 Inc. (FIVN) on Thursday reported first-quarter earnings of $576,000.
On a per-share basis, the San Ramon, California-based company said it had profit of 1 cent. Earnings, adjusted for stock option expense and amortization costs, came to 62 cents per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.
The provider of cloud-based software to call centers posted revenue of $279.7 million in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $272.6 million.
For the current quarter ending in June, Five9 expects its per-share earnings to range from 64 cents to 66 cents.
The company said it expects revenue in the range of $274.5 million to $275.5 million for the fiscal second quarter.
Five9 expects full-year earnings in the range of $2.74 to $2.78 per share, with revenue expected to be $1.14 billion.
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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