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- Company news: Zoom Video (ZM) quarterly results beat analysts’ forecasts
Ekonomické zprávy
23.05.2023
Company news: Zoom Video (ZM) quarterly results beat analysts’ forecasts
Zoom Video (ZM) reported Q1 FY2024 earnings of $1.16 per share (versus $1.03 per share in Q1 FY2023), beating analysts’ consensus estimate of $0.99 per share.
The company’s quarterly revenues amounted to $1.105 bln (+2.9% y/y), beating analysts’ consensus estimate of $1.084 bln.
The company also issued in-line guidance for Q2 FY2024, seeing EPS of $1.04-$1.06 versus analysts’ consensus estimate of $1.06 and revenues of $1.110-$1.115 bln versus analysts’ consensus estimate of $1.11 bln.
For the full FY2024, Zoom Video predicted EPS of $4.25-$4.31 versus analysts’ consensus estimate of $4.22 and revenues of $4.465-$4.485 bln versus analysts’ consensus estimate of $4.46 bln.
ZM rose to $71.58 (+0.24%) in pre-market trading.
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