SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Zoom Communications Inc. (ZM) on Monday reported fiscal third-quarter earnings of $612.9 million.
The San Jose, California-based company said it had net income of $2.01 per share. Earnings, adjusted for one-time gains and costs, came to $1.52 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.43 per share.
The video-conferencing company posted revenue of $1.23 billion in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $1.21 billion.
For the current quarter ending in January, Zoom expects its per-share earnings to range from $1.48 to $1.49.
The company said it expects revenue in the range of $1.23 billion to $1.24 billion for the fiscal fourth quarter.
Zoom expects full-year earnings in the range of $5.95 to $5.97 per share, with revenue ranging from $4.85 billion to $4.86 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ZM at https://www.zacks.com/ap/ZM
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