Zoom Video Shares Swung Between Gains and Losses After Mixed Results
$Zoom Video Communications(ZM.US$ shares swung between gains and losses after the market closed as the company's fiscal second quarter earnings guidance missed the average analyst estimate, while first quarter results beat.
The company expects adjusted earnings to reach $1.20 to $1.21 a share in the second quarter. Analysts, on average, expect second quarter adjusted EPS of $1.24, according to estimates compiled by Bloomberg.
Second revenue in constant currency to be between $1.147 billion and $1.152 billion, in line with the average of estimates compiled by Bloomberg.
For the fiscal first quarter ended April 30, the company reported adjusted earnings of $1.35 a share on revenue of $1.14 billion. Analysts expected adjusted EPS of $1.20 and $1.13 billion, according to a Reuters report.
“We continued to integrate AI across our platform including Zoom Contact Center and Zoom Workplace, our AI-powered collaboration platform that provides customers the ability to reimagine teamwork by streamlining communications, increasing employee engagement, and improving productivity within their organizations,” CEO Eric S. Yuan, said in the company's press release.
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Former editor at Bloomberg, then Lazard Asset Management. Posts aren’t investment advice. Views are just mine.
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102188459 : Great!
74583607 : I'm going to get out unless you will run it for us
74583607 : let me know
Ziggz420 : been with Zim for roughly 20months gonna get that 22 then wait til priced down