SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Zoom Video Communications Inc. (ZM) on Monday reported fiscal third-quarter earnings of $207.1 million.
On a per-share basis, the San Jose, California-based company said it had profit of 66 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to $1.38 per share.
The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share.
The video-conferencing company posted revenue of $1.18 billion in the period, also beating Street forecasts. Nine analysts surveyed by Zacks expected $1.16 billion.
For the current quarter ending in January, Zoom Video expects its per-share earnings to range from $1.29 to $1.30.
The company said it expects revenue in the range of $1.18 billion for the fiscal fourth quarter.
Zoom Video expects full-year earnings in the range of $5.41 to $5.43 per share, with revenue expected to be $4.66 billion.
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