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

Market news

31 August 2021

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

Zoom Video (ZM) reported Q2 FY 2022 earnings of $1.36 per share (versus $0.92 per share in Q2 FY 2021), beating analysts’ consensus estimate of $1.16 per share.

The company’s quarterly revenues amounted to $1.022 bln (+54.0% y/y), beating analysts’ consensus estimate of $0.990 bln.

The company also issued mixed guidance for Q3 FY 2022 and upside guidance for the full FY 2022.

ZM fell to $309.43 (-10.96%) in pre-market trading.

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