Five9 Raises FY24 Adj EPS Guidance From $2.15-$2.19 To $2.25-$2.29 vs. $2.19 Estimate
Portfolio Pulse from Benzinga Newsdesk
Five9, Inc. has raised its FY24 adjusted EPS guidance from $2.15-$2.19 to $2.25-$2.29, surpassing the $2.19 estimate. The company also provided detailed non-GAAP adjustments and net income projections.
August 08, 2024 | 8:19 pm
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Five9, Inc. has increased its FY24 adjusted EPS guidance to $2.25-$2.29, exceeding the previous estimate of $2.19. This positive revision indicates strong financial performance and could boost investor confidence.
The upward revision in EPS guidance suggests better-than-expected financial performance, which is likely to positively impact the stock price in the short term as it reflects improved profitability and operational efficiency.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100