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Zoom shares decline despite Q2 earnings beat as profit outlook falls short

Quartz +1 ·

ZM Zoom Communications Inc
$99.80 +2.15%
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  1. 1Zoom Communications (ZM) topped expectations with Q2 revenue of $1.28 billion and adjusted EPS of $1.55, yet its stock fell.
  2. 2Its Q3 adjusted EPS guidance of $1.46–$1.48 trailed the Street's estimate of $1.50, with revenue guidance of $1.275–$1.28 billion.
  3. 3Enterprise revenue came in at $787.5 million, up 7.8% year-over-year, marking the fastest growth in three years.

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