ZM - What's Going On With Zoom Video Stock Today? | Benzinga
Zoom Video Communications Inc (NASDAQ:ZM) shares are trading higher Tuesday after the company reported better-than-expected financial results, issued strong guidance and announced a new share repurchase program.
What Happened: Zoom said fourth-quarter revenue increased 2.6% year-over-year to $1.15 billion, which beat the consensus estimate of $1.13 billion. The company reported quarterly earnings of $1.42 per share, which beat analyst estimates of $1.15 per share, according to Benzinga Pro.
Net cash provided by operating activities totaled $351.2 million in the fourth quarter and free cash flow came in at $332.7 ...