Zoom shares spiked after stronger-than-expected earnings
Zoom's stock jumped after the videoconferencing business posted fiscal Q1 profits that exceeded expectations.
Zoom reported a profit of $316 million for the first quarter of 2022, equal to $1.03 per share. Although profits are down from $402.1 million in 2021, revenue increased by 12 percen... Read more
Zoom’s stock falls despite solid earnings report and healthy guidance
Zoom posted another strong earnings report on Monday, thanks to a growing customer base. The company also offered healthy guidance for the next three months. However, this was not enough to satisfy investors, as the stock fell more than 6% in extended trading.
Before costs like stock compensatio... Read more