Zoom Stock Edges Up on Earnings Beat and Annual Guidance Raise
Zoom Video Communications (NASDAQ: ZM) stock is up 0.6% in Monday's after-hours trading as of 7:46 p.m. ET, following the cloud-based communications company's release of its results for the third quarter of fiscal 2024 (ended Oct. 31).
The stock's modest rise is attributable to the quarter's revenue and earnings exceeding Wall Street's consensus estimates and management increasing annual guidance on the top and bottom lines. A main reason for investors' tepid response is likely concern about the continued deceleration in the enterprise segment's year-over-year revenue growth.
Here's a look at Zoom's Q3 and guidance centered around five key metrics.
Source Fool.com
