Why Zoom Video Communications Stock Is Jumping Today
Zoom Video Communications (NASDAQ: ZM) stock surged in Tuesday's trading. The company's share price closed out the daily session up 8%, according to data from S&P Global Market Intelligence.
Zoom published its fourth-quarter earnings results after the market closed yesterday and delivered a profit that came in far better than Wall Street had anticipated. The company also managed to beat sales expectations for the period.
Zoom recorded non-GAAP (adjusted) earnings per share of $1.42 on sales of $1.15 billion in Q4. Meanwhile, the average analyst estimate had called for the business to post an adjusted per-share profit of $1.15 on revenue of $1.13 billion.
Source Fool.com
