Zoom Video Communications (ZM) reported fourth-quarter earnings that topped analyst estimates. Adjusted earnings per share of $1.42 trounced estimates of $1.15. Revenue of $1.15 billion was slightly better than the expected $1.13 billion. The company also announced plans to buy back up to $1.5 billion worth of shares. Yahoo Finance's Josh Lipton and Julie Hyman break down the report. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Stephanie Mikulich
(Bloomberg) -- Zoom Video Communications Inc. reported quarterly sales and profit that topped analysts’ estimates, a sign that corporate customers are sticking with the software company. The shares gained more than 10% in extended trading.Most Read from BloombergBYD’s New $233,450 EV Supercar to Rival Ferrari, LamborghiniStock Rally Stalls at Start of Data-Packed Week: Markets WrapFreddie Mercury’s London Residence Lists at £30 MillionJacob Rothschild, Financier and Philanthropist, Dies at 87Pol
The headline numbers for Zoom Video (ZM) give insight into how the company performed in the quarter ended January 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.