Zoom Sees FY24 Adj. EPS $4.25-$4.31 vs $4.22 Est., Total Revenue $4.465B-$4.485B vs $4.45B Est.
Portfolio Pulse from Benzinga Newsdesk
Zoom has raised its FY24 adjusted EPS guidance to $4.25-$4.31, up from the previous estimate of $4.22, and increased its total revenue forecast to $4.465B-$4.485B, compared to the $4.45B estimate.
May 22, 2023 | 8:09 pm
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POSITIVE IMPACT
Zoom's raised FY24 adjusted EPS and total revenue guidance beat estimates, indicating strong growth prospects.
Zoom's increased guidance for FY24 adjusted EPS and total revenue surpasses estimates, reflecting the company's strong growth prospects. This positive news is likely to have a short-term positive impact on Zoom's stock price, as it indicates that the company is performing better than expected.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100