Five9 Q4 2023 Adj EPS $0.61 Beats $0.49 Estimate, Sales $239.10M Beat $238.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Five9 (FIVN) reported Q4 2023 adjusted EPS of $0.61, surpassing the $0.49 estimate, with sales of $239.10M exceeding the $238.00M estimate. This represents a 14.76% increase in sales compared to the same period last year.
February 21, 2024 | 9:06 pm
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POSITIVE IMPACT
Five9 reported a significant beat on both earnings and sales estimates for Q4 2023, with a notable year-over-year sales growth.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The significant outperformance and year-over-year growth further bolster the case for a positive impact on FIVN's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100