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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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