Zoom Communications, Inc. (NASDAQ:ZM) shares are trading lower premarket on Wednesday. The company reported second-quarter results and issued third-quarter profit guidance below street estimates.
Earnings Snapshot
The company reported revenue of $1.28 billion for the second quarter, beating the consensus estimate of $1.27 billion.
The communications company posted second-quarter adjusted earnings of $1.55 per share, beating analyst estimates of $1.48 per share, according to Benzinga Pro.
Adjusted gross margin was 79.1%, versus 79.8% a year earlier, as it expanded its AI portfolio and customer adoption.
