![]() ![]() ![]() On the positive side, the former pandemic tech stock darling's second-quarter profit comfortably exceeded both the Street's projection and management's outlook.īelow is an overview of Zoom's quarter, along with its outlook, centered around five metrics. Other factors that likely weighed on shares were the third-quarter outlook coming in lighter on both the top and bottom lines than Wall Street had expected, as well as second-quarter revenue falling short of both the analyst consensus estimate and the company's own guidance. Investors' displeasure is largely attributable to management lowering its full-year guidance for both revenue and earnings. Zoom Video Communications ( ZM -1.18%) stock declined 8.3% in Monday's after-hours trading session, following the videoconferencing specialist's release of its second-quarter results for fiscal 2023. ![]()
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