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Zoom Video: Fiscal 2Q Earnings Snapshot

SAN JOSE, Calif. (AP) _ Zoom Video Communications Inc. (ZM) on Monday reported fiscal second-quarter net income of $185.7 million.

On a per-share basis, the San Jose, California-based company said it had profit of 63 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 92 cents per share.

The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share.

The video-conferencing company posted revenue of $663.5 million in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $498.2 million.

For the current quarter ending in November, Zoom Video expects its per-share earnings to range from 73 cents to 74 cents.

The company said it expects revenue in the range of $685 million to $690 million for the fiscal third quarter.

Zoom Video expects full-year earnings in the range of $2.40 to $2.47 per share, with revenue ranging from $2.37 billion to $2.39 billion.

Zoom Video shares have more than quadrupled since the beginning of the year. In the final minutes of trading on Monday, shares hit $323.11, more than tripling in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ZM at https://www.zacks.com/ap/ZM