ZM Jun 2024 65.000 call
- Yahoo Finance Video
Zoom Q1 beat: Analysts wary of future demand
Zoom Video Communications (ZM) reported first quarter earnings, surpassing Wall Street's expectations on both the top and bottom lines. The video conferencing platform reported revenue of $1.14 billion, beating the estimated $1.13 billion, while its adjusted earnings per share (EPS) of $1.35 surpassed the projected $1.19. Despite the first quarter beat and the company's upbeat guidance, analysts remain cautious about Zoom's demand prospects. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
- Barrons.com
These Stocks Moved the Most Today: Palo Alto Networks, XPeng, Peloton, First Solar, Keysight, VinFast Auto, Nordson, Lowe’s, and More
Palo Alto Networks issues a fiscal fourth-quarter forecast that underwhelms investors, Chinese electric-vehicle maker XPeng posts a narrower loss, and Peloton tumbles after a refinancing of its debt.
- Barrons.com
Zoom Stock Is Tumbling. After Earnings, Analysts Are Upbeat on AI Initiatives.
Videoconferencing firm Zoom expects second-quarter revenue of $1.145 billion to $1.15 billion, shy of the $1.151 billion analysts had expected.
