Zoom's results beat expectations, but stock slips
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Zoom Video Communications Inc. reported third-quarter results and an outlook that exceeded Wall Street expectations, driven by growth in its business segment. Despite this, the stock price slipped.
November 25, 2024 | 9:45 pm
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Zoom's third-quarter results and outlook surpassed Wall Street expectations, primarily due to growth in its business segment. However, the stock price declined despite the positive earnings report.
Despite reporting better-than-expected earnings and a positive outlook, Zoom's stock price fell. This suggests that investors may have had higher expectations or concerns about future growth, leading to a negative short-term impact on the stock price.
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