: Five9’s stock drops on widening quarterly loss


Five9 Inc.’s stock FIVN, +3.47% dove more than 6% in extended trading Wednesday after the cloud-software reported a widening quarterly loss. Five9 reported a fiscal fourth-quarter net loss of $13.65 million, or 19 cents a share, compared with a net loss of $3.6 million, or 5 cents a share, in the year-ago quarter. Revenue jumped 20% to $208.3 million, from $173.6 million a year ago. Analysts surveyed by FactSet had expected on average net earnings of 41 cents a share on revenue of $204.7 million. Shares of Five9 have gained 20% so far this year, while the broader S&P 500 index SPX, -0.16% is up 4%.

This article was originally published by Marketwatch.com. Read the original article here.

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