Zoom (ZM) Tops Q3 EPS by 2c, Offers Guidance

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Go back to Zoom (ZM) Tops Q3 EPS by 2c, Offers Guidance

Zoom (ZM) Stock Erases Early Gains to Slip 8% Despite Topping Q3 Estimates and Guidance, Analysts Lower PTs but Remain Optimistic

November 23, 2021 5:12 AM EST

Shares of Zoom Video Communications (NYSE: ZM) are down 8% in pre-open Tuesday despite the work-from-home specialist reporting better-than-expected Q3 results and outlook.

Zoom reported Q3 EPS of $1.11 to top the analyst estimate of $1.09. Revenue for the quarter came in at $1.05 billion versus the consensus estimate of $1.02 billion.

Zoom founder and CEO, Eric S. Yuan said, Through innovation and dedication, we will continue to deliver happiness to our customers. Looking forward, we expect to close the year between $4.079 to $4.081 billion in total revenue, representing approximately 54% year-over-year growth, alongside strong profitability and... More

Zoom Video (ZM) Stock Volatile After-Hours Following Q3 Results

November 22, 2021 4:36 PM EST

Zoom (NASDAQ: ZM) shares swung between a 6% gain and the flatline after-hours following the company's reported Q3 results, with EPS coming in at $1.11, beating the consensus estimate of $1.09. Quarterly revenue grew 35% year-over-year to $1.05 billion, better than the consensus estimate of $1.02 billion. Number of customers with >$100,000... More