Zoom Video Communications Inc. (NASDAQ: ZM) reported its financial results for the quarter ended April 30, 2020, on Tuesday after the market closes. The results exceeded analysts’ expectations. The company issued second-quarter guidance above-consensus view.
Zoom Video posted a jump in earnings for the first quarter of 2021 driven by higher revenue. The COVID-19 crisis has driven higher demand for distributed, face-to-face interactions and collaboration using Zoom. The top-line soared by 169% year-over-year.
Looking ahead into the Q2, the company expects total revenue in the range of $495-500 million and adjusted earnings in the range of $0.44-0.46 per share. For fiscal 2021, the company predicts total revenue in the range of $1.775-1.8 billion and adjusted earnings in the range of $1.21-1.29 per share.
Aurora Cannabis, Inc. (NYSE: ACB) reported a wider loss for the fourth quarter of 2020, hurt by a 5% decrease in revenues. The company’s stock fell sharply during Tuesday’s after-hours
Stitch Fix (NASDAQ: SFIX) reported fourth-quarter 2020 financial results after the closing bell on Tuesday. The company reported an 11% increase in Q4 revenues to $443.4 million, beating Wall Street
Nike Inc.'s (NYSE: NKE) profit and revenue in the first quarter of fiscal 2021 surpassed the market's estimates and sent the NKE stock up by about 7% in the extended