Earnings

Zoom (ZM) Q4 earnings report 2024

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Eric Yuan, founder and CEO of Zoom Video Communications, stands before the opening bell during the company’s initial public offering at the Nasdaq MarketSite in New York on April 18, 2019.

Victor J. Blue | Bloomberg | Getty Images

Zoom shares rose as much as 13% in extended trading on Monday after the video chat software vendor announced fiscal fourth-quarter results that topped analysts’ expectations.

Here’s how the company did, compared with consensus among analysts polled by LSEG:

  • Earnings per share: $1.22, adjusted vs. $1.15 expected
  • Revenue: $1.15 billion vs. $1.13 billion expected

Revenue increased less than 3% from $1.12 billion a year earlier, according to a statement. The company…



Source cnbc.com

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