Zoom Video Flies After First Post-IPO Results Top Expectations
- Shares rally 13% after-hours as forecasts top analyst averages
- Video-conference firm among year’s top-performing new listings
Zoom Video Communications Inc. signage is reflected in the window of the television production studio during the company's initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, April 18, 2019.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Zoom Video Communications Inc. got off to a soaring start after reporting its first quarterly earnings as a public company Thursday, climbing as much as 13% in after-hours trading.
The video-conferencing company reported first quarter adjusted earnings of 3 cents a share, beating the average analyst estimate of 1 cent, and forecast revenue for the second quarter and full year ahead of consensus views.