Zoom Video Dials In On Costs, Delivers Q2 Earnings Beat, Strong EPS Guidance, New AI Features, Shares Surge
Portfolio Pulse from Adam Eckert
Zoom Video Communications Inc (NASDAQ:ZM) reported better-than-expected Q2 earnings, with a 3.6% YoY increase in revenue to $1.14 billion, beating the consensus estimate of $1.11 billion. The company also reported adjusted earnings of $1.34 per share, surpassing analyst estimates of $1.03 per share. Zoom's operating cash flow was $336 million, up 30.6% YoY. The company expects Q3 revenue to be between $1.115 billion and $1.12 billion, and full-year revenue to be between $4.485 billion and $4.495 billion.
August 21, 2023 | 8:43 pm
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Zoom's better-than-expected Q2 earnings and positive outlook for Q3 and full-year revenue could positively impact its stock price.
Zoom's Q2 earnings beat and positive revenue outlook indicate strong financial performance, which could increase investor confidence and drive up its stock price.
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