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The videoconferencing company posted revenue of $1.28 billion and adjusted EPS of $1.55, but its forward guidance missed analyst expectations
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Zoom $ZM Communications reported second-quarter revenue of $1.28 billion and adjusted earnings per share of $1.55, both above analyst expectations, but its stock fell after the company issued a profit outlook that fell short of Wall Street estimates.
Second-quarter revenue rose 4.9% year over year. The $1.27 billion figure represented the average analyst estimate, per Reuters. On the bottom line, the $1.55 adjusted EPS result cleared the Street's $1.48 consensus.
