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- Company news: Zoom Video (ZM) quarterly results top analysts’ estimates
Company news: Zoom Video (ZM) quarterly results top analysts’ estimates
Zoom Video (ZM) reported Q4 FY2024 earnings of $1.42 per share (versus $1.22 per share in Q4 FY2023), beating analysts’ consensus estimate of $1.15 per share.
The company’s quarterly revenues amounted to $1.146 bln (+2.6% y/y), beating analysts’ consensus estimate of $1.129 bln.
The company also issued mixed guidance for Q1 FY2025, seeing EPS of $1.18-1.20 versus analysts’ consensus estimate of $1.13 and revenues of $1.125 bln versus analysts’ consensus estimate of $1.13 bln.
For the full FY2025, Zoom guided to EPS of $4.85-4.88 versus analysts’ consensus estimate of $4.66 and revenues of $4.60 bln versus analysts’ consensus estimate of $4.64 bln.
In addition, the company authorized up to $1.5 bln for repurchases of its Class A common stock.
ZM rose to $71.37 (+13.07%) in pre-market trading.
