Zoom Video Comms Q3 EPS $1.29 Beats $1.08 Estimate, Sales $1.14B Beat $1.12B Estimate
Portfolio Pulse from Benzinga Newsdesk
Zoom Video Communications (ZM) exceeded Q3 earnings and sales estimates, with EPS at $1.29 vs. the $1.08 estimate and sales at $1.14B vs. the $1.12B estimate. This reflects a 20.56% increase in EPS and a 3.15% increase in sales from the same period last year.
November 20, 2023 | 9:06 pm
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Zoom Video Communications reported strong Q3 results, with both earnings and sales surpassing analyst estimates, indicating robust financial performance.
Zoom's better-than-expected Q3 earnings and sales are likely to instill investor confidence and could lead to a short-term increase in stock price. Positive earnings surprises are often met with a favorable market reaction, especially when a company shows year-over-year growth.
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