Zoom shares fell 4% in extended trading Monday despite reporting fiscal third-quarter results that topped estimates. Adjusted earnings per share and revenue both exceeded analyst expectations. Revenue grew 4% year-over-year, continuing a trend of single-digit growth since the pandemic. Enterprise customers increased by 800 in the quarter. Zoom's fiscal Q4 guidance aligns with expectations, while its raised fiscal 2025 outlook surpasses previous forecasts. Zoom stock is up 24% year-to-date, trailing the S&P 500’s 25% gain.
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00:00It's Benzinga bringing Wall Street to Mainstream.
00:02Zoom shares fell 4% in extended trading on Monday despite reporting its fiscal
00:06third quarter results that topped the estimates. Adjusted earnings per share
00:10and revenue both exceeded analysts' expectations. Revenue grew 4% year-over-year,
00:15continuing a trend of single-digit growth since the pandemic. Enterprise customers
00:20increased by 800 in the quarter. Zoom's fiscal Q4 guidance aligns with the expectations while
00:26it also raised fiscal 2025 outlook, which surpassed its previous forecast.
00:30Zoom stock is up 24% year-to-date, trailing the S&P 500's 25% gain.