Zoom Quarterly Earnings Far Surpass Wall Street's Expectations

Video Credit: Wochit News
Published on September 1, 2020 - Duration: 00:34s

Zoom Quarterly Earnings Far Surpass Wall Street's Expectations

Zoom Video Communications blew Wall Street's expectations out of the water on Monday.

The remote work video platform reported fiscal second-quarter earnings showing that revenue was more than four times higher this year than last.

According to Markets Insider, shares of Zoom skyrocketed as much as 38% in premarket trading Tuesday.

Zoom's adjusted earnings per share were 92 cents, versus 45 cents expected.

Revenues were $663.5 million, versus $500.5 million expected.

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