Five9 Q1 2024 Adj EPS $0.48 Beats $0.38 Estimate, Sales $247.010M Beat $239.991M Estimate
Portfolio Pulse from Benzinga Newsdesk
Five9 reported Q1 2024 adjusted earnings of $0.48 per share, surpassing the consensus estimate of $0.38, and sales of $247.010M, exceeding the estimate of $239.991M. This represents a 13.08% increase in sales compared to the same period last year.
May 02, 2024 | 8:10 pm
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POSITIVE IMPACT
Five9 exceeded Q1 2024 earnings and sales estimates, with a significant 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 year-over-year sales growth further underscores the company's strong performance and may attract more investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100