Zoom (ZM) Tops Q3 EPS by 24c, Offers Guidance

Zoom (NASDAQ: ZM) reported Q3 EPS of $1.07, $0.24 better than the analyst estimate of $0.83. Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.09 billion.

GUIDANCE:

Zoom sees Q4 2023 EPS of $0.75-$0.78, versus the consensus of $0.80. Zoom sees Q4 2023 revenue of $1.095-1.105 billion, versus the consensus of $1.12 billion.

• Fourth Quarter Fiscal Year 2023: Total revenue is expected to be between $1.095 billion and $1.105 billion and revenue in constant currency is expected to be between $1.120 billion and $1.130 billion. Non-GAAP income from operations is expected to be between $316.0 million and $326.0 million. Non-GAAP diluted EPS is expected to be between $0.75 and $0.78 with approximately 301 million weighted average shares outstanding.
• Full Fiscal Year 2023: Total revenue is expected to be between $4.370 billion and $4.380 billion and revenue in constant currency is expected to be between $4.442 billion and $4.452 billion. Full fiscal year non-GAAP income from operations is expected to be between $1.490 billion and $1.500 billion. Full fiscal year non-GAAP diluted EPS is expected to be between $3.91 and $3.94 with approximately 304 million weighted average shares outstanding.

For earnings history and earnings-related data on Zoom (ZM) click here.

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