Zoom Video Communications reported fiscal second-quarter adjusted earnings of $1.05 a share , topping 94 cents a share expected by analysts polled by FactSet.
The company’s quarterly revenue came in at $1.1 billion, which is higher than $1.02 billion in the year-ago quarter. Analysts surveyed by FactSet had expected revenue of $1.12 billion.
Zoom Video now projects full-year adjusted earnings in the range of $3.66 to $3.69 a share, down from prior guidance of $3.70 to $3.77 a share. It expects revenue of around $4.39 billion (vs. previous estimate of $4.53 billion to $4.55 billion).
For the third quarter, Zoom is expecting earnings of 82 to 83 cents a share – lower than analysts’ forecast of 92 cents a share (based on FactSet poll). It predicts revenue of about $1.1 billion, vs. $1.15 billion expected by analysts.