SAN JOSE, Calif. (AP) _ Zoom Video Communications Inc. (ZM) on Wednesday reported fiscal fourth-quarter earnings of $15.3 million.
On a per-share basis, the San Jose, California-based company said it had profit of 5 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 15 cents per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.
The video-conferencing company posted revenue of $188.3 million in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $176.4 million.
For the year, the company reported profit of $21.8 million, or 9 cents per share. Revenue was reported as $622.7 million.
For the current quarter ending in May, Zoom Video expects its per-share earnings to be 10 cents.
The company said it expects revenue in the range of $199 million to $201 million for the fiscal first quarter.
Zoom Video expects full-year earnings in the range of 42 cents to 45 cents per share, with revenue ranging from $905 million to $915 million.
Zoom Video shares have risen 72% since the beginning of the year.