By Dean Seal
Shares of Five9 gained after the company's fourth-quarter adjusted earnings and revenue, as well as its profit guidance for the year, topped Wall Street expectations.
The stock was up 4.1% at $43.40 in mid-morning trading. Shares were trading at around $71 this time a year ago.
The maker of software for call centers said it expects adjusted earnings for $2.58 to $2.62 a share for 2025, higher than analyst forecasts for $2.56 a share, according to FactSet. It also expects about $1.14 billion in revenue for 2025, in line with analyst expectations.
For the fourth quarter, Five9's revenue climbed 17% to $278.7 million, above projections for $267.8 million. Adjusted earnings of 79 cents a share were 9 cents higher than analysts had expected.
Five9 also said Friday that its chief financial officer, Barry Zwarenstein, intends to retire at the end of next month.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
February 21, 2025 10:33 ET (15:33 GMT)
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