Zoom blows past Wall Street estimates in the fiscal third quarter
Zoom Video Communications Inc. (NASDAQ: ZM) published its financial results for the fiscal third quarter on Monday that came in better than what analysts had anticipated. The company attributed its hawkish performance primarily to its videoconferencing software that continues to be in demand amidst the COVID-19 crisis that has fuelled a trend to work from home this year. Shares of Zoom slid roughly 4% in extended trading on Monday. On a year to date basis, Zoom Video Communications Inc. is now close to 600% in the stock market. Compared to its year to date high in mid-October, Zoom shares that
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