Zoom (ZM) Stock Beats Earnings, Then Falls 6% Anyway
TLDR
- Zoom beat Q2 earnings with adjusted EPS of $1.55 vs. $1.48 expected, and revenue of $1.28 billion vs. $1.27 billion expected.
- The stock dropped around 6% in pre-market Wednesday despite the beat, as Q3 guidance missed expectations.
- Q3 revenue guidance of $1.275–$1.28 billion came in at or below analyst estimates.
- Zoom’s 0.31% stake in Anthropic, valued at $1.27 billion in April, could be worth $6–$7 billion if Anthropic IPOs at a $2 trillion valuation.
- Enterprise revenue grew 7.8% year-over-year, its fastest pace in three years, and Zoom Virtual Agent customers surged 256% year-over-year.
Zoom Video (ZM) stock was sliding roughly 6% in pre-market trading Wednesday after the company posted a solid fiscal Q2 2027 earnings beat that still wasn’t enough to satisfy investors looking for more.
The stock was trading around $94.60 in pre-market, down from a close near $100.92. Heading into the print, ZM had been up roughly 22% year-to-date, so expectations were running high.
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