Zoom stock has best day in almost two years on quarterly results, increased guidance
Zoom(ZM) CNBC·2024-08-23 04:17
Zoom CEO Eric Yuan speaks at the Dropbox Work In Progress Conference in San Francisco on Sept. 25, 2019. Zoom shares soared the most since November 2022 on Thursday after the video chat company reported betterthan-expected results for the second quarter and raised its full-year guidance. The stock rose 13% to close at $68.04. The shares are still down 5.4% for the year, while the Nasdaq has gained 17% over that stretch. Zoom said revenue in the quarter rose 2.1% from a year earlier to $1.16 billion, topping ...