Zoom Video Soars as Street Applauds ‘Slam-Dunk Debut’ Earnings
Eric Yuan, founder and chief executive officer of Zoom Video during the company's IPO.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Zoom Video Communications Inc., one of the top U.S. IPOs so far in 2019, surged Friday after it dazzled Wall Street with its better-than-imagined first quarterly earnings as a public company.
Shares climbed 15% in pre-market trading, flirting with a record high. The video-conferencing company posted results that topped expectations Thursday after the bell, encouraging investors to push the stock’s 121% run since its IPO in mid-April even higher.