5/28/2023 0 Comments Zm zoom![]() The company projects earnings of $4.15 at the midpoint of its outlook compared to estimates of $3.66. ![]() Therefore, Zoom’s stock surged 6.9% to $78.80 in early trading on Tuesday, indicating investor satisfaction with the company’s performance.įor fiscal 2024, Zoom’s outlook is mixed. The company earned $1.22 per adjusted per share, a decline of only 5% from the previous year, while revenue rose by 4% to $1.12 billion, a remarkable feat considering the adjustment to product demand post-coronavirus emergency.Įxpectations were high for Zoom, with analysts projecting earnings of 81 cents per share on sales of $1.1 billion for the period ending January 31. Despite sales growth slowing for the eighth consecutive quarter, Zoom’s Q4 earnings fell less than expected. ![]() Zoom Video Communications (ZM) reported its January-quarter earnings and revenue on Monday, revealing that the numbers topped estimates.
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