US Stocks Move: Zoom Communications drops nearly 4% pre-market as Q4 results are mixed and profit guidance falls short of expectations
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Gelonghui, February 26th|Zoom Communications (ZM.US) fell nearly 4% in pre-market trading, quoted at $82.05. In terms of news, Zoom announced mixed results for the fourth fiscal quarter. Revenue increased by 5.3% year-on-year to $1.25 billion, exceeding the market expectation of $1.23 billion; adjusted earnings per share were $1.44, slightly below the market expectation of $1.49. During the period, enterprise revenue increased by 7.1% year-on-year to $757.3 million. Looking ahead to the first quarter of fiscal year 2027, the company expects adjusted earnings per share to be between $1.40 and $1.42, lower than the average analyst expectation of $1.45. (Gelonghui)
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