Company news: Zoom Video’s (ZM) quarterly results top analysts’ estimates

Zoom Video (ZM) reported Q2 FY2024 earnings of $1.39 per share (versus $1.34 per share in Q2 FY2023), beating analysts’ consensus estimate of $1.21 per share.

The company’s quarterly revenues amounted to $1.163 bln (+2.1% y/y), beating analysts’ consensus estimate of $1.149 bln.

The company issued upside guidance for Q3 FY2024, seeing EPS of $1.29-1.31 versus analysts’ consensus estimate of $1.23 and revenues of $1.160-1.165 bln versus analysts’ consensus estimate of $1.16 bln.

It also issued upside guidance for the full FY2024, seeing EPS of $5.29-5.32 versus analysts’ consensus estimate of $5.05 and revenues of $4.63-4.64 bln versus analysts’ consensus estimate of $4.62 bln.

ZM rose to $62.44 (+3.67%) in pre-market trading.