Zoom (ZM) earnings Q3 2022
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Eric Yuan (Zoom CEO) makes a toast following the Nasdaq open bell ceremony in New York City on April 18, 2019.
Kena Betancur – Getty Images| Getty Images
ZoomAfter the company’s fiscal third quarter earnings, which exceeded analyst expectations, shares rose by as high as 8.8% during extended trading Monday
This is how it worked:
- Earnings:According to Refinitiv, $1.11 per share is adjusted vs. $1.09 according to analysts.
- Revenue:Analysts expected $1.02 billion.
In the Oct. 31 quarter, revenue increased by 35% compared with a year prior. This was despite slower growth. 54% growthIn the previous period. A statement stated that net income increased by 71%, to $340.3 Million.
Zoom expects adjusted earnings to be $1.06-$1.07 per share for fiscal quarter 4, based on revenue of $1.051 billion to $0.1.053 billion, which would indicate 19% growth. Refinitiv analysts polled had predicted $1.05 adjusted earnings per share, and $1.02 trillion in revenue.
Zoom claimed that it had a quarter. called off its planTo acquire cloud contact centre software provider Five9For $14.7 billion Zoom announces the news. saidIn early 2022, its cloud contact center software was due to launch.
Prior to the after-hours move, Zoom shares are down 28% in 2021, while the S&P 500 index is up 25% over the same period. At 5 p.m., executives will talk about the results in a conference phone call. ET.
This is the latest news. Stay tuned for new updates.
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