{"id":40772,"date":"2023-08-22T07:54:17","date_gmt":"2023-08-22T11:54:17","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=40772"},"modified":"2023-08-28T09:37:48","modified_gmt":"2023-08-28T13:37:48","slug":"zoom-beats-wall-street-estimates","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/zoom-beats-wall-street-estimates\/","title":{"rendered":"Zoom beats Wall Street estimates"},"content":{"rendered":"<p data-ar-index=\"1\">Zoom Video Communications beat Wall Street estimates for third-quarter profit as the video conferencing platform continued to benefit from strong demand from businesses.<\/p>\n<p data-ar-index=\"2\">The company reported adjusted earnings per share of $1.08, beating analysts&#8217; expectations of $1.03. Revenue rose 3.6% to $1.14 billion, also above expectations of $1.12 billion.<\/p>\n<p data-ar-index=\"3\">Zoom&#8217;s CEO, Eric Yuan, noted that the company is &#8220;seeing continued strong demand for our platform from businesses of all sizes.&#8221; He added that Zoom is &#8220;well-positioned to continue to grow in the years to come.&#8221;<\/p>\n<p data-ar-index=\"4\">Zoom is also expanding its product offerings beyond video conferencing. The company recently launched a new product called Zoom Phone, which provides cloud-based phone service. Zoom is also developing new features for its video conferencing platform, such as the ability to record meetings and share files.<\/p>\n<p data-ar-index=\"5\">The sources for this piece include an article in <a href=\"https:\/\/www.reuters.com\/technology\/zoom-forecasts-current-quarter-profit-above-estimates-2023-08-21\/\" target=\"_blank\" rel=\"noopener\">Reuters<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Zoom Video Communications beat Wall Street estimates for third-quarter profit as the video conferencing platform continued to benefit from strong demand from businesses. The company reported adjusted earnings per share of $1.08, beating analysts&#8217; expectations of $1.03. Revenue rose 3.6% to $1.14 billion, also above expectations of $1.12 billion. Zoom&#8217;s CEO, Eric Yuan, noted that [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[57],"tags":[204],"class_list":["post-40772","post","type-post","status-publish","format-standard","hentry","category-companies","tag-zoom"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/40772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=40772"}],"version-history":[{"count":2,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/40772\/revisions"}],"predecessor-version":[{"id":40774,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/40772\/revisions\/40774"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=40772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=40772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=40772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}