Zoom Video Shares Swung Between Gains and Losses After Mixed Results

The company expects adjusted earnings to reach $1.20 to $1.21 a share in the second quarter. Analysts, on average, expect second quarter adjusted EPS of $1.24, according to estimates compiled by Bloomberg.  

Second revenue in constant currency to be between $1.147 billion and $1.152 billion, in line with the average of estimates compiled by Bloomberg.

For the fiscal first quarter ended April 30, the company reported adjusted earnings of $1.35 a share on revenue of $1.14 billion. Analysts expected adjusted EPS of $1.20 and $1.13 billion, according to a Reuters report.

“We continued to integrate AI across our platform including Zoom Contact Center and Zoom Workplace, our AI-powered collaboration platform that provides customers the ability to reimagine teamwork by streamlining communications, increasing employee engagement, and improving productivity within their organizations,” CEO Eric S. Yuan, said in the company's press release.