Zoom reported higher-than-expected profit and revenue for the October quarter, and executives raised the company's full-year forecast. The video calling software maker's net income rose to $207.1 million, and revenue increased to $1.18 billion. The company also provided guidance for the fiscal fourth quarter and the 2025 fiscal year, which exceeded analysts' expectations.
Zoom had more profit and revenue than analysts had expected in the October quarter, and executives pushed up the company's full-year forecast.shares were flat in extended trading on Monday after the video calling software maker announced strong fiscal third-quarter results and gave guidance in line with expectations.Sign up for NBC Philadelphia's News Headlines newsletter..
Net income, at $207.1 million, or 66 cents per share, was up from $141.2 million, or 45 cents per share, in the same quarter a year earlier.With respect to guidance, Zoom called for $1.29 to $1.30 in fiscal fourth-quarter adjusted earnings per share on $1.175 billion to $1.180 billion in revenue. Analysts surveyed by LSEG were expecting $1.29 per share and $1.17 billion in revenue.
Zoom bumped up its view for the 2025 fiscal year. It expects $5.41 to $5.43 in adjusted earnings per share, with $4.656 billion to $4.661 billion in revenue. The middle of the revenue range implies about 3% growth.As of Monday's close, Zoom stock was up about 24% this year, while the S&P 500 index had gained 25%.
The company also said its corporate name is changing from Zoom Video Communications to Zoom Communications Inc.Wall Street launches new ways to bet on bitcoin
Zoom Profit Revenue Forecast Video Calling Earnings
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inspiring Nail Trends for Fall 2024 / Winter 2025 2024 / 2025 » Fashion AllureLatest Fashion Trends, Shoes and Accessories, Celebrity Style
Read more »
Grammy Nominations 2025: See the Complete ListGrammy Nominations 2025: Beyoncé leads 2025 Grammy nominees with 11 nods.
Read more »
When is the 2025 Ballon d'Or Ceremony?The 2025 Ballon d'Or ceremony will unfold in Oct. 2025 at the Théâtre du Châtelet.
Read more »
Lyft app is getting more autonomous vehicles in 2025 thanks to new partnershipCosmin, a tech journalist with a career spanning over a decade, brings a wealth of experience to PhoneArena. His expertise lies in brands like Samsung and Nokia, and he has a keen interest in innovative technologies. After a brief stint in PR, Cosmin returned to tech journalism in 2016, committed to delivering clear and objective news.
Read more »
S&P 500: What a Trump Win Looks Like for the Market Now and Into 2025Stocks Analysis by MarketBeat.com (Thomas Hughes) covering: S&P 500. Read MarketBeat.com (Thomas Hughes)'s latest article on Investing.com
Read more »
Project 2025: Trump's alleged association and where it aims to go nextProject 2025, linked to Donald Trump, shaped the election narrative as a conservative policy blueprint.
Read more »