Zoom Video Communications (ZM) narrowly beat first-quarter revenue estimates — $11.4 billion against an expected $1.13 billion — while topping adjusted earnings expectations — $1.35 per share against an expected $1.19 per share. Yahoo Finance's Market Domination Overtime reviews Zoom's disappointing enterprise customer count and second-quarter guidance. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.
Palo Alto Networks issues a fiscal fourth-quarter forecast that underwhelms investors, Chinese electric-vehicle maker XPeng posts a narrower loss, and Peloton tumbles after a refinancing of its debt.
Videoconferencing firm Zoom expects second-quarter revenue of $1.145 billion to $1.15 billion, shy of the $1.151 billion analysts had expected.