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Yahoo Finance
Zoom earnings beat expectations, stock soars 18% after hours
Daniel Howley
Video conferencing giant Zoom (ZM) reported quarterly earnings on Monday, beating analysts' expectations and revising its full-year guidance. Shares of the company soared as high as 18% in after-hours trading, after getting pounded this year.
Here are the most important numbers from the report compared to what analysts were expecting in the quarter, as compiled by Bloomberg.
Revenue: $1.07 billion versus $1.07 billion expected
Adjusted EPS: $1.03 versus $0.87 expected
Customers paying more than $100K in last 12 months: 2,916 versus 2,958 expected
Zoom revised its full year adjusted earnings per share to between $3.70 and $3.77 from $3.45 to $3.51. Zoom also reported that it now has approximately 198,800 enterprise customers, up 24% year-over-year.
Shares of Zoom were up more than 18% after the report.
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