Zoom Shares Drop 4% Despite Beating Q3 Estimates With Earnings and Revenue Topping Forecasts

Benzinga

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.

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