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


Zoom founder Eric Yuan speaks before the Nasdaq opening bell ceremony on April 18, 2019 in New York City.

Kena Betancur | Getty Images

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…

Source cnbc.com

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