From Financial Modeling Prep: 2024-11-26 08:35:00

Zoom Video Communications (NASDAQ:ZM) exceeded third-quarter expectations, reporting $1.38 EPS on $1.18 billion revenue, driven by enterprise growth. Despite this, stock fell 8% in pre-market trading. Enterprise customers over $100,000 in revenue increased by 7.1%. Revenue grew 4% YoY, with enterprise revenue up 6% and online monthly churn at a record low of 2.7%.

For the fourth quarter, Zoom expects $1.29-$1.30 EPS on $1.175-$1.180 billion revenue. Full-year guidance was revised upward to $5.41-$5.43 EPS on $4.656-$4.661 billion revenue, up from previous estimates of $5.29-$5.32 EPS on $4.630-$4.640 billion revenue. These changes reflect Zoom’s strong performance and growth outlook.



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