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Zoom Quarterly Earnings Far Surpass Wall Street's Expectations

2020-09-01 5 Dailymotion

Zoom Video Communications blew Wall Street's expectations out of the water on Monday.<br />The remote work video platform reported fiscal second-quarter earnings showing that revenue was more than four times higher this year than last.<br />According to Markets Insider, shares of Zoom skyrocketed as much as 38% in premarket trading Tuesday.<br />Zoom's adjusted earnings per share were 92 cents, versus 45 cents expected. Revenues were $663.5 million, versus $500.5 million expected.<br />The company says revenue was up 355% from the same quarter a year ago, fueled by adding new users and expanding across existing customers.

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