Zoom Video: Fiscal Q3 Earnings Snapshot
By AP News
Published - Nov 25, 2024, 04:17 PM ET
Last Updated - Nov 25, 2024, 04:17 PM EST
SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Zoom Video Communications Inc. (ZM) on Monday reported fiscal third-quarter earnings of $207.1 million.
On a per-share basis, the San Jose, California-based company said it had profit of 66 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to $1.38 per share.
The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share.
The video-conferencing company posted revenue of $1.18 billion in the period, also beating Street forecasts. Nine analysts surveyed by Zacks expected $1.16 billion.
