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Zoom Quarterly Earnings Far Surpass Wall Street's Expectations

Video Credit: Wochit News - Duration: 00:34s - Published
Zoom Quarterly Earnings Far Surpass Wall Street's Expectations

Zoom Quarterly Earnings Far Surpass Wall Street's Expectations

Zoom Video Communications blew Wall Street's expectations out of the water on Monday.

The remote work video platform reported fiscal second-quarter earnings showing that revenue was more than four times higher this year than last.

According to Markets Insider, shares of Zoom skyrocketed as much as 38% in premarket trading Tuesday.

Zoom's adjusted earnings per share were 92 cents, versus 45 cents expected.

Revenues were $663.5 million, versus $500.5 million expected.


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