Zoom's stock pops 8% on strong earnings, guidance

Zoom Video Communications Inc.’s stock climbed in extended trading Monday, after the videoconferencing company topped expectations across the board with its financial results and forecasts.

Analysts surveyed by FactSet had on average expected adjusted net income of $1.06 a share on revenue of $1.11 billion. For the full year, the company predicted adjusted earnings of $4.63 to $4.67 a share on revenue of $4.49 billion to $4.5 billion, while analysts on average were expecting $4.32 a share on sales of $4.5 billion.

Shares of Zoom advanced more than 8% in after-hours trading immediately following the release of the results Monday, though they later cooled. Zoom’s stock has dipped 0.7% this year, while the broader S&P 500 index SPX has advanced 15%.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Netflix Inc. stock outperforms market on strong trading dayShares of Netflix Inc. inched 0.93% higher to $408.29 Monday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500...
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »

Tesla Inc. stock rises Monday, outperforms marketShares of Tesla Inc. rose 7.33% to $231.28 Monday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite...
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »

Amazon.com Inc. stock outperforms market on strong trading dayShares of Amazon.com Inc. rallied 1.10% to $134.68 Monday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500...
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »