Zoom shares are trading higher after the company reported better-than-expected Q3 financial results and issued Q4 and FY24 adjusted EPS guidance above estimates.
Portfolio Pulse from Benzinga Newsdesk
Zoom Video Communications' stock is up following the release of their Q3 financial results, which exceeded expectations. The company also provided Q4 and FY24 adjusted EPS guidance that surpassed analyst estimates.
November 20, 2023 | 9:17 pm
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Zoom's Q3 financial performance and positive future EPS guidance are likely to boost investor confidence, potentially leading to a short-term uptick in the stock price.
Zoom's better-than-expected Q3 results and higher guidance for Q4 and FY24 suggest strong company performance and potential growth, which typically result in a positive market reaction and could lead to an increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100