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Zoom Tops Q2 EPS by 11c, Lowers Guidance, Shares Drop Nearly 4%

Published 08/23/2022, 04:16 AM
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Zoom (ZM) reported Q2 EPS of $1.05, $0.11 better than the analyst estimate of $0.94. Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.12 billion.

GUIDANCE:

Zoom sees FY2023 revenue of $4.385-4.395 billion versus prior guidance of $4.530 billion and $4.550 billion and analysts' expectations of $4.55 billion. Zoom sees non-GAAP EPS of $3.66-3.69 versus prior guidance of $3.70-$3.77 and analysts' expectations of $3.82.

Zoom sees Q32023 revenue of $1.095-$1.100 billion versus analysts' consensus of $1.15 billion. Zoom sees non-GAAP EPS of $0.82-0.83 versus analysts' consensus of $0.92.

Shares were down nearly 4% in immediate after-hours trading.

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