Earnings

Zoom (ZM) earnings Q4 2020

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Eric Yuan, CEO, Zoom Video Communications

Source: CNBC

Shares of videoconferencing software company Zoom dropped as much as 10% and then pared back part of its losses in extended trading on Wednesday after the company reported earnings and guidance that exceeded analysts’ expectations.

Zoom had been on a tear during the coronavirus outbreak, as companies turned to remote work — the stock was up more than 70% for the year, not including the move that followed the release.

Here’s how the company did:

  • Earnings: 15 cents per share, adjusted, vs. 7 cents per share as expected by analysts polled by Refinitiv.
  • Revenue: $188.3 million, vs. $176.6 million as expected by analysts polled by…



Source cnbc.com

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