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Stock impact report

Five9 shares up 7% as company swings to adjusted profit [MarketWatch]

Five9, Inc. (FIVN) 
Last five9, inc. earnings: 2/19 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.five9.com/investor-relations
Company Research Source: MarketWatch
Five9 shares up 7% as company swings to adjusted profit Five9 Inc. FIVN, +4.22% shares rose more than 7% late Monday after the company, a maker of software for call centers, posted adjusted second-quarter earnings above expectations, and sales also topped views. Five9 lost $2 million, or 4 cents a share, in the quarter, compared with a net loss of $4 million, or 7 cents a share, in the year-ago period. Adjusted for one-time items, Five9 earned $6.9 million, or 11 cents a share, versus a net loss of $100,000, breaking even on a per-share basis, in the second quarter of 2017. Revenue rose 28% to $61.1 million, compared with $47.7 million a year ago. Analysts polled by FactSet had expected adjusted earnings of 4 cents a share on sales of $57 million. Shares of Five9 ended the regular trading session up 4.2%. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here. Show less Read more
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