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Zoom Video: Fiscal Q3 Earnings Snapshot

Zoom Video: Fiscal Q3 Earnings Snapshot

SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Zoom Video Communications Inc. (ZM) on Monday reported fiscal third-quarter net income of $141.2 million.

On a per-share basis, the San Jose, California-based company said it had profit of 45 cents. Earnings, adjusted for one-time gains and costs, were $1.29 per share.

The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share.

The video-conferencing company posted revenue of $1.14 billion in the period, also exceeding Street forecasts. Ten analysts surveyed by Zacks expected $1.12 billion.