Earnings Results: Zoom shares jump after company raises sales and profit forecast

by | Nov 20, 2023 | Stock Market

Shares of Zoom Video Communications Inc. moved higher in after-hours trading on Monday after the videoconferencing platform raised its full-year sales and profit outlook. The upbeat forecast followed third-quarter results that beat expectations, helped by a jump in deeper-pocketed customers and AI offerings. Zoom ZM said it expected full-year…

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Shares of Zoom Video Communications Inc. moved higher in after-hours trading on Monday after the videoconferencing platform raised its full-year sales and profit outlook. The upbeat forecast followed third-quarter results that beat expectations, helped by a jump in deeper-pocketed customers and AI offerings. Zoom ZM said it expected full-year…

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