Connect with us

Business

Zoom pops as company beats expectations and issues strong guidance – CNBC

Zoom expects to keep the revenue growth coming in the quarters ahead, although it won’t be at pandemic levels.

Published

on

Article feature image
ADVERTISEMENT

Zoom shares rose as much as 11% in extended trading on Monday after the video-calling software maker reported fiscal fourth-quarter earnings and guidance that were stronger than analysts had expected.
Here’s how the company did:

  • Earnings: $1.22 per share, adjusted, vs. 79 cents per share as expected by analysts, according to Refinitiv
  • Revenue: $882.5 million, vs. $811.8 million as expected by analysts, according to Refinitiv

Revenue grew 369% year over year in the quarter that ended on Jan. 31, according…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

Article feature image
QuantumScape Stock Targeted By Short Seller – Barron’s
Article feature image
Forget Coinbase, Buy this Growth Stock Instead – The Motley Fool
Article feature image
After four months, here are the RI cities and towns with the highest vaccination rates – WPRI.com