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

Market news

2 March 2021

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

Zoom Video (ZM) reported Q4 FY 2021 earnings of $1.22 per share (versus $0.15 per share in Q4 FY 2020), beating analysts’ consensus estimate of $0.79 per share.

The company’s quarterly revenues amounted to $0.882 bln (+368.8% y/y), beating analysts’ consensus estimate of $0.811 bln.

The company also issued upside guidance for Q1 FY 2022, projecting EPS of $0.95-0.97 versus analysts’ consensus estimate of $0.70 and revenues of $0.900-0.905 bln versus analysts’ consensus estimate of $0.835 bln.

For the full FY 2022, the company guided EPS of $3.59-3.65 versus analysts’ consensus estimate of $2.96 and revenues of $3.76-3.78 bln versus analysts’ consensus estimate of $3.5 bln.

ZM rose to $445.02 (+8.63%) in pre-market trading.

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