U.S. Markets open in 1 hr 22 mins

Five9 reports 1Q loss

SAN RAMON, Calif. (AP) _ Five9 Inc. (FIVN) on Wednesday reported a loss of $5.3 million in its first quarter.

The San Ramon, California-based company said it had a loss of 10 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to less than 1 cent on a per-share basis.

The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.

The provider of cloud-based software to call centers posted revenue of $47 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $44.6 million.

Five9 shares have risen 27 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $18, a rise of 88 percent 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


Keywords: Five9, Earnings Report