Shares of Five9 Inc. /zigman2/quotes/209043265/composite FIVN +0.07% rose 10% in the extended session Tuesday after the cloud software company beat adjusted third-quarter expectations and upped its guidance for the year. Five9 said it lost $1.6 million, or 3 cents a share, in the quarter, compared with a loss of $1.3 million, or 2 cents a share, for the third quarter of 2018. Adjusted for one-time items, the company earned $12.8 million, or 20 cents a share, compared with $11.1 million, or 18 cents a share, a year ago. Revenue rose 28% to $83.8 million, compared with $65.3 million a year ago. Analysts polled by FactSet had expected adjusted profit of 15 cents a share on sales of $78.7 million for the quarter. The company said it expects 2019 revenue in a range between $321.7 million and $322.7 million, up from a prior guidance of a range between $312.5 million and $314.5 million. It called for an adjusted net income between $48.8 million and $49.8 million, or 77 cents to 78 cents a share, for the full year. That compares with a previous guidance of a range between $44.7 million and $46.7 million, or 70 cents a share and 73 cents a share. In the same statement, Five9 announced that former Chief Executive and current Executive Chairman Mike Burkland has transitioned to the role of chairman of the board of directors, effective Oct. 29. Burkland was Five9's chief executive for 10 years before moving to the executive chairman post after his cancer diagnosis. Shares of Five9 ended the regular trading day down 0.1%.