Zoom (ZM) Third Quarter 2022 Earnings

On April 18, 2019, Zoom CEO Yuan Zheng raised his glasses to toast after the opening ceremony of NASDAQ in New York.

Kina Betancourt | Getty Images

Skyrocket After the video chat software company reported that its third-quarter earnings exceeded analyst expectations, the stock price rose 8% in after-hours trading on Monday.

The following is the company’s approach:

  • income: According to Refinitiv’s data, the adjusted price is 1.11 US dollars per share, while analysts expect it to be 1.09 US dollars per share.
  • income: Refinitiv’s data shows that this figure is 1.05 billion U.S. dollars, while analysts expect it to be 1.02 billion U.S. dollars.

Revenue for the quarter increased by 35% from the same period last year, as of October 31 54% increase In the early stage. According to a statement, net income jumped 71% to US$340.3 million.

For the fourth fiscal quarter, Zoom expects adjusted earnings per share of US$1.06 to US$1.07 and revenue of US$1.051 billion to US$1.053 billion, which means an increase of 19%. Analysts surveyed by Refinitiv had previously expected adjusted earnings per share of $1.05 and revenue of $1.02 billion.

During the quarter, Zoom stated that it has Canceled its plan Acquired cloud contact center software provider Five nines US$14.7 billion. In announcing this news, Zoom Said Its own cloud contact center software will be launched in early 2022.

Before the after-hours trend, Zoom’s stock price fell 28% in 2021, while the S&P 500 index rose 25% over the same period. Executives will discuss the results in a conference call starting at 5 pm Eastern time.

This is breaking news. Please check for updates.

watch: Five9 CEO explains why the Zoom transaction failed

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