Company News: Zoom Video (ZM) quarterly results beat analysts’ estimates

Market news

1 December 2020

Company News: Zoom Video (ZM) quarterly results beat analysts’ estimates

Zoom Video (ZM) reported Q3 FY 2020 earnings of $0.99 per share (versus $0.09 per share in Q3 FY 2019), beating analysts’ consensus estimate of $0.76 per share.

The company’s quarterly revenues amounted to $777.20 mln (+366.5% y/y), beating analysts’ consensus estimate of $694.13 mln.

The company also issued upside guidance for Q4 FY 2020, projecting EPS of $0.77-0.79 versus analysts’ consensus estimate of $0.63 and revenues of $806-811 mln versus analysts’ consensus estimate of $721.24 mln.

ZM fell to $442.13 (-7.57%) in pre-market trading.

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