Zoom Video Shares Rally 8% as Earnings Top Estimates

marketwatch2023-02-28

Zoom Video Communications shares are gaining ground in late trading Monday after the company posted better-than-expected financial results for its fiscal fourth quarter ended Jan. 31.Zoom’s outlook ...

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tungleh
2023-02-28
tungleh
Well done!
AlanChong
2023-02-28
AlanChong
Ok

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nZoom Video Shares Rally 8% as Earnings Top Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-28 07:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/articles/zoom-earnings-stock-price-23c8d949?mod=newsviewer_click><strong>marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Zoom Video Communications shares are gaining ground in late trading Monday after the company posted better-than-expected financial results for its fiscal fourth quarter ended Jan. 31.Zoom’s outlook ...</p>\n\n<a href=\"https://www.marketwatch.com/articles/zoom-earnings-stock-price-23c8d949?mod=newsviewer_click\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.marketwatch.com/articles/zoom-earnings-stock-price-23c8d949?mod=newsviewer_click","article_id":"2314441597","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2314441597","pubTimestamp":1677539282,"sourceInfo":{"source_id":"mwatch_stock","name":"Market Watch"},"weMediaInfo":null,"summary":"Zoom Video Communications shares are gaining ground in late trading Monday after the company posted ","collect":0,"end_time":0,"defaultTopTitle":"marketwatch.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"Zoom Video股价上涨8%，盈利高于预期","themeId":"768868217a8a42b8834d60b34fc824ad","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"Zoom Video Communications shares are gaining ground in late trading Monday after the company posted better-than-expected financial results for its fiscal fourth quarter ended Jan. 31.Zoom’s outlook for both the April quarter and the January 2024 fiscal year are mixed, with slower revenue growth than the Street had expected, but better-than-forecast profitability, reflecting a recent round of job cuts and other cost reductions.The videoconferencing company continues to see growth moderate from a Covid-era boom, with guidance for the current year pointing to marginal growth for a company that at one point posted three straight quarters of revenue well north of 300%.Earlier this month, Zoom announced plans to reduce its staff by about 15%, affecting about 1,300 people.Zoom in late trading is 7.84% higher at $79.5.For the quarter, Zoom (ticker: ZM) posted revenue of $1.12 billion, up 4% from a year ago, at the high end of the company’s guidance range of $1.105 billion to $1.12 billion, and about in line with the Street at $1.1 billion. Revenue was 6% higher on a currency adjusted basis.Zoom earned $1.22 a share in the quarter on an adjusted basis, topping both the company’s guidance range of 75 to 78 cents a share, and the Street consensus at 80 cents. Under generally accepted accounting principles, the company lost 36 cents a share. Free cash flow was $183.3 million, down from $186.6 million in the year-ago quarter.Zoom CEO Eric Yuan noted in a statement that “the macroeconomic situation continues to negatively impact our overall growth.”For the full fiscal year, Zoom reported revenue of $4.39 billion, up 7%, or 9% adjusted for currency. 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Revenue was 6% higher on a currency adjusted basis.</p><p>Zoom earned $1.22 a share in the quarter on an adjusted basis, topping both the company’s guidance range of 75 to 78 cents a share, and the Street consensus at 80 cents. Under generally accepted accounting principles, the company lost 36 cents a share. Free cash flow was $183.3 million, down from $186.6 million in the year-ago quarter.</p><p>Zoom CEO Eric Yuan noted in a statement that “the macroeconomic situation continues to negatively impact our overall growth.”</p><p>For the full fiscal year, Zoom reported revenue of $4.39 billion, up 7%, or 9% adjusted for currency. On a non-GAAP basis, the company earned $5.07 a share for the year.</p><p>Zoom said it has about 213,000 enterprise customers, up 12% from a year ago, with 3,471 customers generating more than $100,000 in trailing 12 months revenue, up 27% from the same period last year.</p><p>Zoom sees fiscal first quarter revenue of between $1.08 billion and $1.085 billion, up just a hair from the $1.07 billion reported in the year-earlier quarter, and below Street consensus at $1.11 billion. The company sees adjusted profits of between 96 and 98 cents a share, above the Street at 84 cents.</p><p>For the January 2024 fiscal year, Zoom sees revenue of between $4.435 billion and $4.455 billion, short of the Street consensus at $4.6 billion, but with adjusted profits of between $4.11 and $4.18 a share, ahead of consensus at $3.65.</p></body></html>","source":"mwatch_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Zoom Video Shares Rally 8% as Earnings Top Estimates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nZoom Video Shares Rally 8% as Earnings Top Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-28 07:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/articles/zoom-earnings-stock-price-23c8d949?mod=newsviewer_click><strong>marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Zoom Video Communications shares are gaining ground in late trading Monday after the company posted better-than-expected financial results for its fiscal fourth quarter ended Jan. 31.Zoom’s outlook ...</p>\n\n<a href=\"https://www.marketwatch.com/articles/zoom-earnings-stock-price-23c8d949?mod=newsviewer_click\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.marketwatch.com/articles/zoom-earnings-stock-price-23c8d949?mod=newsviewer_click","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2314441597","content_text":"Zoom Video Communications shares are gaining ground in late trading Monday after the company posted better-than-expected financial results for its fiscal fourth quarter ended Jan. 31.Zoom’s outlook for both the April quarter and the January 2024 fiscal year are mixed, with slower revenue growth than the Street had expected, but better-than-forecast profitability, reflecting a recent round of job cuts and other cost reductions.The videoconferencing company continues to see growth moderate from a Covid-era boom, with guidance for the current year pointing to marginal growth for a company that at one point posted three straight quarters of revenue well north of 300%.Earlier this month, Zoom announced plans to reduce its staff by about 15%, affecting about 1,300 people.Zoom in late trading is 7.84% higher at $79.5.For the quarter, Zoom (ticker: ZM) posted revenue of $1.12 billion, up 4% from a year ago, at the high end of the company’s guidance range of $1.105 billion to $1.12 billion, and about in line with the Street at $1.1 billion. Revenue was 6% higher on a currency adjusted basis.Zoom earned $1.22 a share in the quarter on an adjusted basis, topping both the company’s guidance range of 75 to 78 cents a share, and the Street consensus at 80 cents. Under generally accepted accounting principles, the company lost 36 cents a share. Free cash flow was $183.3 million, down from $186.6 million in the year-ago quarter.Zoom CEO Eric Yuan noted in a statement that “the macroeconomic situation continues to negatively impact our overall growth.”For the full fiscal year, Zoom reported revenue of $4.39 billion, up 7%, or 9% adjusted for currency. On a non-GAAP basis, the company earned $5.07 a share for the year.Zoom said it has about 213,000 enterprise customers, up 12% from a year ago, with 3,471 customers generating more than $100,000 in trailing 12 months revenue, up 27% from the same period last year.Zoom sees fiscal first quarter revenue of between $1.08 billion and $1.085 billion, up just a hair from the $1.07 billion reported in the year-earlier quarter, and below Street consensus at $1.11 billion. The company sees adjusted profits of between 96 and 98 cents a share, above the Street at 84 cents.For the January 2024 fiscal year, Zoom sees revenue of between $4.435 billion and $4.455 billion, short of the Street consensus at $4.6 billion, but with adjusted profits of between $4.11 and $4.18 a share, ahead of consensus at $3.65.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9957790126,"gmtCreate":1677540961766,"gmtModify":1677540965086,"author":{"id":"4125148185432112","authorId":"4125148185432112","name":"AlanChong","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":4,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957790126","repostId":2314441597,"repostType":4,"repost":{"id":"2314441597","pubTimestamp":1677539282,"share":"https://www.laohu8.com/m/news/2314441597?lang=&edition=full","pubTime":"2023-02-28 07:08","market":"us","language":"en","title":"Zoom Video Shares Rally 8% as Earnings Top Estimates","url":"https://stock-news.laohu8.com/highlight/detail?id=2314441597","media":"marketwatch","summary":"Zoom Video Communications shares are gaining ground in late trading Monday after the company posted ","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/fb5f734b7cb8fd5004ca37626967d689\" tg-width=\"639\" tg-height=\"426\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Zoom Video Communications shares are gaining ground in late trading Monday after the company posted better-than-expected financial results for its fiscal fourth quarter ended Jan. 31.</p><p>Zoom’s outlook for both the April quarter and the January 2024 fiscal year are mixed, with slower revenue growth than the Street had expected, but better-than-forecast profitability, reflecting a recent round of job cuts and other cost reductions.</p><p>The videoconferencing company continues to see growth moderate from a Covid-era boom, with guidance for the current year pointing to marginal growth for a company that at one point posted three straight quarters of revenue well north of 300%.</p><p>Earlier this month, Zoom announced plans to reduce its staff by about 15%, affecting about 1,300 people.</p><p>Zoom in late trading is 7.84% higher at $79.5.</p><p><img src=\"https://static.tigerbbs.com/a153acb6e32c4c2949305144c452535b\" tg-width=\"817\" tg-height=\"857\" width=\"100%\" height=\"auto\"/>For the quarter, Zoom (ticker: ZM) posted revenue of $1.12 billion, up 4% from a year ago, at the high end of the company’s guidance range of $1.105 billion to $1.12 billion, and about in line with the Street at $1.1 billion. Revenue was 6% higher on a currency adjusted basis.</p><p>Zoom earned $1.22 a share in the quarter on an adjusted basis, topping both the company’s guidance range of 75 to 78 cents a share, and the Street consensus at 80 cents. Under generally accepted accounting principles, the company lost 36 cents a share. Free cash flow was $183.3 million, down from $186.6 million in the year-ago quarter.</p><p>Zoom CEO Eric Yuan noted in a statement that “the macroeconomic situation continues to negatively impact our overall growth.”</p><p>For the full fiscal year, Zoom reported revenue of $4.39 billion, up 7%, or 9% adjusted for currency. On a non-GAAP basis, the company earned $5.07 a share for the year.</p><p>Zoom said it has about 213,000 enterprise customers, up 12% from a year ago, with 3,471 customers generating more than $100,000 in trailing 12 months revenue, up 27% from the same period last year.</p><p>Zoom sees fiscal first quarter revenue of between $1.08 billion and $1.085 billion, up just a hair from the $1.07 billion reported in the year-earlier quarter, and below Street consensus at $1.11 billion. The company sees adjusted profits of between 96 and 98 cents a share, above the Street at 84 cents.</p><p>For the January 2024 fiscal year, Zoom sees revenue of between $4.435 billion and $4.455 billion, short of the Street consensus at $4.6 billion, but with adjusted profits of between $4.11 and $4.18 a share, ahead of consensus at $3.65.</p></body></html>","source":"mwatch_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Zoom Video Shares Rally 8% as Earnings Top Estimates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nZoom Video Shares Rally 8% as Earnings Top Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-28 07:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/articles/zoom-earnings-stock-price-23c8d949?mod=newsviewer_click><strong>marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Zoom Video Communications shares are gaining ground in late trading Monday after the company posted better-than-expected financial results for its fiscal fourth quarter ended Jan. 31.Zoom’s outlook ...</p>\n\n<a href=\"https://www.marketwatch.com/articles/zoom-earnings-stock-price-23c8d949?mod=newsviewer_click\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.marketwatch.com/articles/zoom-earnings-stock-price-23c8d949?mod=newsviewer_click","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2314441597","content_text":"Zoom Video Communications shares are gaining ground in late trading Monday after the company posted better-than-expected financial results for its fiscal fourth quarter ended Jan. 31.Zoom’s outlook for both the April quarter and the January 2024 fiscal year are mixed, with slower revenue growth than the Street had expected, but better-than-forecast profitability, reflecting a recent round of job cuts and other cost reductions.The videoconferencing company continues to see growth moderate from a Covid-era boom, with guidance for the current year pointing to marginal growth for a company that at one point posted three straight quarters of revenue well north of 300%.Earlier this month, Zoom announced plans to reduce its staff by about 15%, affecting about 1,300 people.Zoom in late trading is 7.84% higher at $79.5.For the quarter, Zoom (ticker: ZM) posted revenue of $1.12 billion, up 4% from a year ago, at the high end of the company’s guidance range of $1.105 billion to $1.12 billion, and about in line with the Street at $1.1 billion. Revenue was 6% higher on a currency adjusted basis.Zoom earned $1.22 a share in the quarter on an adjusted basis, topping both the company’s guidance range of 75 to 78 cents a share, and the Street consensus at 80 cents. Under generally accepted accounting principles, the company lost 36 cents a share. Free cash flow was $183.3 million, down from $186.6 million in the year-ago quarter.Zoom CEO Eric Yuan noted in a statement that “the macroeconomic situation continues to negatively impact our overall growth.”For the full fiscal year, Zoom reported revenue of $4.39 billion, up 7%, or 9% adjusted for currency. On a non-GAAP basis, the company earned $5.07 a share for the year.Zoom said it has about 213,000 enterprise customers, up 12% from a year ago, with 3,471 customers generating more than $100,000 in trailing 12 months revenue, up 27% from the same period last year.Zoom sees fiscal first quarter revenue of between $1.08 billion and $1.085 billion, up just a hair from the $1.07 billion reported in the year-earlier quarter, and below Street consensus at $1.11 billion. The company sees adjusted profits of between 96 and 98 cents a share, above the Street at 84 cents.For the January 2024 fiscal year, Zoom sees revenue of between $4.435 billion and $4.455 billion, short of the Street consensus at $4.6 billion, but with adjusted profits of between $4.11 and $4.18 a share, ahead of consensus at $3.65.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":135,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2314441597"}