Zoom shares jump on better-than-expected fourth-quarter results

(Hedgeweek) Zoom shares climbed 8% in extended trading on Monday after the video chat company reported fiscal fourth-quarter results that exceeded analysts’ estimates and offered optimistic earnings guidance for the year. Here’s how the company did:

  • Earnings: $1.22 per share, adjusted, vs. 81 cents as expected by analysts, according to Refinitiv.
  • Revenue: $1.12 billion, vs. $1.10 billion as expected by analysts, according to Refinitiv.

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