Zoom Video Beats Expectations and Raises Its Full-Year Outlook
A glance at Zoom Video Communications' (NASDAQ: ZM) stock price in after-hours trading on Thursday may lead investors to think the communications-software specialist whiffed on its third-quarter earnings. But the numbers from the quarterly update tell a different story, with both revenue and non-GAAP (adjusted) earnings per share (EPS) beating analysts' average forecasts by a wide margin.
It was an all-around great quarter. The company's customer count soared, and existing customers increased their average spend with Zoom.
Here's a closer look at the results.
Source Fool.com
