Zoom Video: Fiscal 2Q Earnings Snapshot

SAN JOSE, Calif. (AP) _ Zoom Video Communications Inc. (ZM) on Thursday reported fiscal second-quarter earnings of $5.5 million.

On a per-share basis, the San Jose, California-based company said it had net income of 2 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 8 cents per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.

The video-conferencing company posted revenue of $145.8 million in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $129.7 million.

For the current quarter ending in November, Zoom Video expects its per-share earnings to be 3 cents.

The company said it expects revenue in the range of $155 million to $156 million for the fiscal third quarter.

Zoom Video expects full-year earnings in the range of 18 cents to 19 cents per share, with revenue ranging from $587 million to $590 million.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ZM at https://www.zacks.com/ap/ZM