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- Company news: Zoom Video’s (ZM) quarterly results beat analysts’ forecasts
Ekonomické zprávy
26.11.2024
Company news: Zoom Video’s (ZM) quarterly results beat analysts’ forecasts
Zoom Video (ZM) reported Q3 FY2024 earnings of $1.38 per share (versus $1.29 per share in Q3 FY2023), beating analysts’ consensus estimate of $1.31 per share.
The company’s quarterly revenues amounted to $1.178 bln (+3.6% y/y), beating analysts’ consensus estimate of $1.163 bln.
The company also issued upside guidance for Q4 FY2024, seeing EPS of $1.29-1.30 versus analysts’ consensus estimate of $1.28 and revenues of $1.175-1.180 bln versus analysts’ consensus estimate of $1.17 bln.
In addition, Zoom Video increased its stock repurchase authorization by $1.2 bln to $2.0 bln.
ZM fell to $82.80 (-7.00%) in pre-market trading.
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