ZM - These Analysts Slash Their Forecasts On Zoom Video Following Q1 Results | Benzinga
Zoom Video Communications Inc (NASDAQ:ZM) reported stronger-than-expected earnings for its first quarter on Monday.
Zoom reported first-quarter revenue of $1.14 billion, beating the consensus estimate of $1.13 billion billion. Zoom's top-line results were up 3.2% on a year-over-year basis. Enterprise revenue was up 5.3% year-over-year, while online revenue was flat on a year-over-year basis.
The communications company reported adjusted earnings of $1.35 per share, beating analyst estimates of $1.20 per share, according to data from Benzinga Pro.
"In Q1, we continued to integrate ...