Recap: Five9 Q4 Earnings
Portfolio Pulse from Benzinga Insights
Five9 (NASDAQ:FIVN) reported Q4 earnings with a 24.49% beat on estimated EPS, reporting $0.61 versus the $0.49 estimate. Revenue increased by $30.72 million from the same period last year. The company has a history of beating EPS estimates, which in the past has led to a significant increase in share price the following day.
February 21, 2024 | 9:20 pm
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POSITIVE IMPACT
Five9 reported a significant beat on Q4 earnings and a notable year-over-year revenue increase, continuing its trend of surpassing EPS estimates.
Five9's history of beating EPS estimates and the significant beat this quarter suggest a positive short-term impact on its stock price. Past performance indicates that such earnings beats are often followed by a share price increase.
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