Categories AlphaGraphs, Earnings, Technology
Infographic: Zoom Video Communications (ZM) Q2 2021 earnings results
Zoom Video Communications’ (NASDAQ: ZM) second quarter 2021 results crushed the market’s estimates. Zoom stock, which hit a new 52-week high in today’s regular trading session, was trading up about 8% in the extended trading hours.
After adjusting for certain items, Zoom’s profit rose to $0.92 per share in the recently ended Q2 from a profit of $0.08 per share in the prior-year quarter. GAAP net income attributable to common stockholders was $0.63 per share compared to $0.02 in the prior-year period.
With a 355% year-over-year growth in revenue to $663.5 million in Q2, the company lifted its FY21 revenue outlook to a range of $2.37 billion to $2.39 billion, up 281% to 284% versus FY20. Non-GAAP EPS is expected to be between $2.40 and $2.47 for FY21.
For the third quarter of fiscal 2021, Zoom expects revenue to be between $685 million and $690 million and non-GAAP EPS is expected to be between $0.73 and $0.74.
Most Popular
Costco (COST) Q4 earnings, revenue top expectations
Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the fourth quarter of 2020, reflecting a marked increase in merchandise sales. The results also topped analysts’
Can Cintas (CTAS) take forward virus-driven shift in sales trend?
The disruption caused by coronavirus has affected almost all sectors except business service providers like Cintas Corporation (NASDAQ: CTAS), which is busy helping clients maintain hygiene and safety during the
Rite Aid’s (RAD) loss narrows in Q2 2021
Rite Aid Corporation (NYSE: RAD) reported a narrower loss in the second quarter of 2021. Net loss shrank to $0.25 per share in the recently ended quarter from $1.49 per