Investing.com – Zoom Video’s (NASDAQ: ) second-quarter report beat analyst expectations. The report was released Monday as the company posted revenue that beat expectations.
Earnings per share were $1.34, while revenue was $1.14B. Market surveys from Investing.com indicated that earnings per share are expected to reach $1.06 and the company’s earnings to reach $1.11B. Well and in terms of the last quarter
Shares of Zoom Video gained 6.64% to trade at $71.74 within hours, according to the report.
During the year, Zoom Video shares traded down 0%, underperforming on the Nasdaq which is 28.96% higher for the year.
Zoom Video stock continues sector profits technology other this the month
On May 3, Apple reported quarterly EPS of $1.26 on revenue of $81.8B, compared to expectations of EPS of $1.19 on revenue of $81.73B.
Microsoft Group’s earnings exceeded analysts’ expectations on the 25th, during the fourth quarter, with quarterly earnings per share of $2.69 and revenue of $56.2B. Investing.com analysts forecast earnings of $2.55 on revenue of $55.44B.
