Zoom Video Comms Q1 Adj $1.35 Beats $1.20 Estimate, Sales $1.14B Beat $1.13B Estimate
Portfolio Pulse from Benzinga Newsdesk
Zoom Video Communications (NASDAQ: ZM) reported Q1 earnings of $1.35 per share, beating the analyst estimate of $1.20. Sales were $1.14 billion, also surpassing the $1.13 billion estimate. Both earnings and sales showed year-over-year growth.
May 20, 2024 | 8:06 pm
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Zoom Video Communications reported better-than-expected Q1 earnings and sales, with both metrics showing year-over-year growth. This positive performance is likely to boost investor confidence and could lead to a short-term increase in the stock price.
Zoom's Q1 earnings of $1.35 per share beat the analyst estimate of $1.20 by 12.5%, and sales of $1.14 billion surpassed the $1.13 billion estimate. Both earnings and sales showed year-over-year growth, which is likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100