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.
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…
