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Home›Market watch›Five9 shares fall 15% after disappointing outlook

Five9 shares fall 15% after disappointing outlook

By Sue Norton
February 23, 2022
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Shares of Five9 Inc. fell in Wednesday’s extended session after the cloud contact center software company’s outlook fell short of Wall Street expectations.

Five9 IVF,
-8.93%
shares fell more than 15% after hours, after falling 8.9% in the regular session to close at $104.14, their lowest close since June 24, 2020.

The company expects earnings of 12 to 14 cents per share on revenue of $170 million to $171 million for the first quarter, and $1.12 to $1.16 per share on revenue of 754.5 to 757.5 million dollars for the year.

Analysts polled by FactSet had estimated earnings of 22 cents per share on revenue of $170.5 million for the first quarter and $1.14 per share on revenue of $748.4 million for the year. .

The company posted a loss of $3.6 million, or 5 cents per share, in the fourth quarter, compared with a loss of $7.2 million, or 11 cents per share, a year ago.

Adjusted earnings, which exclude stock-based compensation expense and other items, were 42 cents per share, compared with 34 cents per share a year ago. Revenue increased from $173.6 million to $127.9 million in the prior year quarter.

Analysts had expected earnings of 36 cents per share on revenue of $165.4 million.

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