Five9 Beat Analyst Estimates—Why Did Shares Fall 9.5%?
Five9, Inc. is a cloud contact center software provider and recently reported its fourth quarter and full-year results for 2022. Despite the company’s impressive results—which included record revenues of $208.3 million, up 20% from the same period the year prior—its stock price (FIVN) dropped 9.5%. Analysts predicted quarterly earnings of $0.41 per share, but [...]