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Why Five9 Stock Skyrocketed Today

TheMotleyFool

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Why Five9 Stock Skyrocketed TodayPhoto, wide shot, wide-angle lens, Artificial intelligence developer, sunset photo at golden hour, photo by Art Wolfe: https://img.theapi.app/temp/12e2798a-1095-4653-8f49-2a7aee633b4e.png

The share price of Five9 (NASDAQ: FIVN), a software provider for cloud contact centers, rose quickly today after the company reported better-than-expected third-quarter results.

Investors were happy that Five9 beat analysts' top- and bottom-line consensus estimates for the quarter, sending the company's share price up 13.3% as of 3:25 p.m. ET.

Five9 reported non-GAAP (adjusted) earnings per share of $0.39 in the third quarter -- up from $0.28 in the year-ago quarter and ahead of Wall Street's average estimate of $0.35 per share.

Source Fool.com

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