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Zoom beats on earnings and hikes annual profit forecast, but fourth-quarter guidance disappoints, sending stock down

Por: MarketWatch Business November 22, 2022

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Zoom executives said they now expect full-year adjusted earnings of $3.91 to $3.94 a share on revenue of $4.37 billion to $4.38 billion, after previously targeting adjusted earnings of $3.66 to $3.69 a share on revenue of $4.39 to $4.4 billion. For the fourth quarter, they expect 75 cents to 78 cents a share on revenue of roughly $1.1 billion, while analysts on average are projecting 81 cents a share on sales of $1.1 billion, according to... + full article



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