Five9 Cuts FY Adjusted Earnings Outlook, Shares Tumble 22%
Five9 cut its adjusted earnings outlook for the year and issued a forecast for the current quarter that the report described as underwhelming. Shares fell 22% to $26.72 on Friday; they are up more than 40% year to date.
By Connor HartShares of Five9 were lower after the company cut its adjusted earnings outlook for the year and issued an underwhelming forecast for the current quarter.The stock tumbled 22%, to $26.72, on Friday. Despite the decline, shares are up more than 40% year to date.The company late Thursday…