Zoom pops as company beats expectations and issues strong guidance - Printable Version +- Ipoh Community Forums (https://forums.ipoh.com.my) +-- Forum: News and Current Affairs (https://forums.ipoh.com.my/forum-11.html) +--- Forum: International News (https://forums.ipoh.com.my/forum-13.html) +---- Forum: Business, Economy and Investment (https://forums.ipoh.com.my/forum-56.html) +---- Thread: Zoom pops as company beats expectations and issues strong guidance (/thread-865.html)

Zoom pops as company beats expectations and issues strong guidance - superadmin - 03-02-2021 Zoom shares rose 11% in extended trading Monday after the company reported fiscal fourth-quarter earnings. Zoom beat on the top and bottom lines, showing sequential revenue growth. The company sees 42% revenue growth for the fiscal year ahead, even as life is expected to look more like it did before the pandemic. Zoom shares rose as much as 11% in extended trading on Monday after the video-calling software maker reported fiscal fourth-quarter earnings and guidance that were stronger than analysts had expected. Here’s how the company did: Earnings: $1.22 per share, adjusted, vs. 79 cents per share as expected by analysts, according to Refinitiv Revenue: $882.5 million, vs. $811.8 million as expected by analysts, according to Refinitiv Revenue grew 369% year over year in the quarter that ended on Jan. 31, according to a statement. In the year-ago quarter people began to use Zoom more heavily as the Covid-19 virus emerged in China, leading to the World Health Organization calling the virus a pandemic in March 2020. In the previous quarter revenue had grown some 367%. - More -