Zoom shares rose nearly 20% after Q1's profit exceeded expectations
$Zoom Video Communications (ZM.US)$ Zoom shares rose 16% in extended trading on Monday after the provider of video chat software reported better-than-expected first-quarter earnings and issued an upbeat forecast for the second period.
Zoom pops 16% on first-quarter earnings. For the second quarter, Zoom now expects revenue of $1.115 billion to $1.12 billion, representing growth of at least 9.2%. Analysts were looking for growth of 8.7% to $1.1 billion, according to Refinitiv. The company anticipates earnings per share in the range of 90 cents to 92 cents, higher than the 87 cents analysts were estimating.
Part of the content is taken from CNBC.
Zoom pops 16% on first-quarter earnings. For the second quarter, Zoom now expects revenue of $1.115 billion to $1.12 billion, representing growth of at least 9.2%. Analysts were looking for growth of 8.7% to $1.1 billion, according to Refinitiv. The company anticipates earnings per share in the range of 90 cents to 92 cents, higher than the 87 cents analysts were estimating.
Part of the content is taken from CNBC.
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