Zoom Video: Fiscal Q4 Earnings Snapshot

SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Zoom Video Communications Inc. (ZM) on Monday reported fiscal fourth-quarter net income of $298.8 million.

On a per-share basis, the San Jose, California-based company said it had profit of 95 cents. Earnings, adjusted for one-time gains and costs, came to $1.42 per share.

The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.15 per share.

The video-conferencing company posted revenue of $1.15 billion in the period, also topping Street forecasts. Ten analysts surveyed by Zacks expected $1.13 billion.

For the year, the company reported profit of $637.5 million, or $2.07 per share. Revenue was reported as $4.53 billion.

For the current quarter ending in April, Zoom Video expects its per-share earnings to range from $1.18 to $1.20.

The company said it expects revenue in the range of $1.13 billion for the fiscal first quarter.

Zoom Video expects full-year earnings in the range of $4.85 to $4.88 per share, with revenue expected to be $4.6 billion.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ZM at https://www.zacks.com/ap/ZM