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Five9: 1Q Earnings Snapshot

SAN RAMON, Calif. (AP) _ Five9 Inc. (FIVN) on Wednesday reported a loss of $1.9 million in its first quarter.

The San Ramon, California-based company said it had a loss of 3 cents per share. Earnings, adjusted for stock option expense and amortization costs, came to 16 cents per share.

The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.

The provider of cloud-based software to call centers posted revenue of $74.5 million in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $70.7 million.

For the current quarter ending in July, Five9 expects its per-share earnings to range from 11 cents to 13 cents.

The company said it expects revenue in the range of $72 million to $73 million for the fiscal second quarter.

Five9 expects full-year earnings in the range of 61 cents to 66 cents per share, with revenue ranging from $304 million to $307 million.

Five9 shares have risen 21% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $52.97, an increase of 76% 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