"Zoom's Stock Soars on Strong Earnings and Share Buyback"
TL;DR Summary
Zoom Video Communications reported fourth-quarter earnings that exceeded analyst expectations with adjusted earnings per share of $1.42 and revenue of $1.15 billion, along with plans to buy back up to $1.5 billion worth of shares. The company also highlighted its growth in enterprise customers and addressed competition from other video call services, leading to a surge in its stock price.
Topics:business#business-technology#earnings#share-buyback#stock-market#video-conferencing#zoom-video-communications
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- Zoom's stock jumps 10% on strong results, guidance amid AI push MarketWatch
- Zoom Gains After Sales Top Estimates on Enterprise Customers Yahoo Finance
- Zoom beats estimates on strong product demand, announces share buyback Reuters
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