Zoom Video Communications (NASDAQ:ZM) shares gained more than 6% intra-day today after the company announced fourth-quarter earnings that surpassed analyst predictions, driven by strong product demand amid the rise in hybrid work models.
Zoom reported Q4 adjusted earnings per share (EPS) of $1.42, an increase from $1.22 the previous year, and higher than the expected $1.34B.
Looking ahead to the first quarter, Zoom anticipates earnings per share to range from $1.18 to $1.20, with projected revenues of around $1.13 billion. This guidance slightly exceeds analyst expectations, which were set at $1.14 and $1.13B, respectively.
For the fiscal year 2025, Zoom forecasts its adjusted EPS to be between $4.85 and $4.88, with expected revenues of around $4.6 billion.