$Zoom Video Communications (ZM.US)$ Zoom sailed past analysts' earnings estimates for the quarter and gave profitability guidance for the current quarter and full year that were well above expectations. That shows the company is able to reduce costs as growth decelerates. Investors are looking for tech companies that can produce earnings as they move into stocks that can better withstand rising inflation and interest rates.
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$Zoom Video Communications (ZM.US)$ 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 ...
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 ...
$JPMorgan (JPM.US)$ JP Morgan Chase announced that third-quarter profit growth exceeded expectations, as the investment banking sector caught up with the global M&A boom, and its consumer banking business also benefited from the increase in loan interest income
$Crude Oil Product (BK2721)$ The White House has been discussing with U.S. oil and gas producers in recent days how to help reduce rising fuel costs
Keiith OP : This content is taken from CNBC.