Why Five9 (FIVN) Stock Is Plummeting in After-Hours Trading Today

NEW YORK (TheStreet) -- Five9  (FIVN) plummeted in after-hours trading Monday after the cloud software company reported second-quarter earnings and issued guidance that missed analysts' expectations.

The company reported an adjusted loss of $9.5 million, or 20 cents a share, compared $7.2 million, or $1.95 a share, in the same period one year earlier. Revenue rose 22% year-over-year to $24.7 million from $20.3 million. Analysts expected a loss of 22 cents a share on revenue of $24.87 million.

Five9 expects an adjusted loss in the range of $9.2 million to $10.2 million on revenue in the range of $24 million to $25 million. Analysts expected a loss of $10.9 million on revenue of $26.2 million. For the full year, the company forecasts an adjusted loss in the range of $36.2 million to $37.8 million on revenue of $99 million to $101 million. The consensus estimate calls for revenue of $104.02 million.

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The stock was down 23.23% to $5.85 at 4:45 p.m.

FIVN Chart FIVN data by YCharts

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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