Zoom stock soars after blowout earnings report

  • 📰 ABC
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

NEW: Stock for video-conferencing software Zoom soars by 35% after a blowout earnings report.

"Organizations are shifting from addressing their immediate business continuity needs to supporting a future of working anywhere, learning anywhere, and connecting anywhere on Zoom's video-first platform," Zoom founder and CEO Eric S. Yuan said in a statement announcing the earnings."At Zoom, we strive to deliver a world-class, frictionless, and secure communication experience for our customers across locations, devices, and use cases.

Eric Yuan, founder and CEO of Zoom Video Communications, reacts during the company's initial public offering at the Nasdaq MarketSite in New York, April 18, 2019. Moreover, Zoom raised its financial outlook for the rest of the year, expecting total revenue for the third quarter to be between $685 million and $690 million, and total revenue for the fiscal year to hit between $2.37 billion and $2.39 billion, citing"the demand for remote work solutions for business."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Shhhh, dont tell BernieSanders

something good to come out of this pandemic, especially if it's true the only thing to stop you now is zuckerberg, cook, bezos and picah, good luck!

Pandemic paying off for some.

Awesome. Thanks realDonaldTrump

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 471. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

5 things to know before the stock market opens TuesdayWalmart announces it will launch its much-anticipated membership program, Walmart+, on Sept. 15. Here are 5 things to know before the stock market opens today: So if you have a Sam’s Club membership, you are expected to pay for a Walmart membership? No thank you.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves after hours: Zoom Video, Eastman Kodak, Tesla & moreSee which stocks are posting big moves after the bell. Follow Breaking_Birdie for everything golf.
Source: CNBC - 🏆 12. / 72 Read more »