Trending: Zoom Video Cuts FY23 View
August 23 2022 - 02:57PM
Dow Jones News
2:27 ET -- Zoom Video Communications Inc. is one of the most
talked about companies in the U.S. across all news items in the
last 12 hours, according to Factiva data. The video communications
platform company said second-quarter net income attributable to
common stockholders fell to $45.7 million, or 15 cents a share,
from $316.9 million, or $1.04 a share, in the prior-year quarter.
Adjusted per-share earnings were $1.05. Revenue rose to $1.1
billion from $1.02 billion. Second-quarter revenue was impacted by
the strengthening of the U.S. dollar and online business
performance. Zoom Video cut its fiscal-year 2023 revenue forecast
to $4.39 billion to $4.4 billion, with adjusted earnings per share
of $3.66 to $3.69. Third-quarter revenue is seen at about $1.1
billion with adjusted earnings per share of 82 cents to 83 cents.
Dow Jones & Co. owns Factiva. (jennifer.tershak@wsj.com)
(END) Dow Jones Newswires
August 23, 2022 14:42 ET (18:42 GMT)
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