Zoom pops 16% on first-quarter earnings beat and strong guidance

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.

Here’s how the company did:

• Earnings: $1.03 per share, ex-items vs. 87 cents per share as expected by analysts, according to Refinitiv.
• Revenue: $1.07 billion vs $1.07 billion as expected by analysts, according to Refinitiv.

Zoom sailed past analysts’ earnings estimates for the quarter and gave profitability guidance for the current quarter and full year that were…