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Here’s Why Zoom Shares Plunge 4 percent Today


Zoom (NASDAQ:ZM) shares fell nearly 4% today following the company’s reported Q3 results. While both EPS of $1.07 and revenue of $1.1 billion came in better than the Street estimates of $0.83 and $1.09 billion, respectively, guidance was disappointing.
For Q4/2023, the company expects EPS to be in the range of $0.75-$0.78, compared to the Street estimate of $0.80, and revenue in the range of $1.095-1.105 billion, compared to the Street estimate of $1.12 billion. Full-year revenue is expected to be in the range of $4.370-$4.380 billion and non-GAAP diluted EPS in the range of $3.91-$3.94.









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