Zoom Shares Surge on AI-Powered Earnings: ETFs to Gain
Zoom(ZM) ZACKS·2024-08-23 21:40
Zoom Video Communications' (ZM) second-quarter fiscal 2025 adjusted earnings of $1.39 per share beat the Zacks Consensus Estimate by 14.88% and increased 3.73% year over year. Revenues of $1.16 billion beat the consensus mark by 1.22% and increased 2.09% year over year on strong growth from Enterprise customers. Zoom Video Communications increased its annual revenue forecast on Wednesday, thanks to robust demand for its AI-powered collaboration tools designed for hybrid work models. For fiscal 2025, Zoom ex ...