Why Zoom Stock Zoomed Today
Zoom Communications (NASDAQ: ZM), the videoconferencing stock that won so much success during the pandemic that it became a verb, is soaring even higher in Tuesday trading. Shares are up 12.7% through 11:40 a.m. ET after beating earnings last night.
Heading into Zoom's report, analysts forecast Zoom to earn $1.44 per share on quarterly sales of $1.21 billion. Zoom actually did $1.23 billion in sales, and its earnings were $1.52 per share.
Image source: Getty Images.
Source Fool.com
