Zoom Video: Fiscal Q4 Earnings Snapshot
By AP News
Published - Feb 27, 2023, 05:15 PM ET
Last Updated - Jun 22, 2023, 07:15 PM EDT
SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Zoom Video Communications Inc. (ZM) on Monday reported a loss of $104.1 million in its fiscal fourth quarter.
On a per-share basis, the San Jose, California-based company said it had a loss of 36 cents. Earnings, adjusted for one-time gains and costs, came to $1.22 per share.
The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 79 cents per share.
The video-conferencing company posted revenue of $1.12 billion in the period, which also beat Street forecasts. Eleven analysts surveyed by Zacks expected $1.1 billion.
