Zoom cuts annual revenue forecast on slow online business
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Zoom (ZM) shares slide despite earnings beat
November 21, 2022 4:25 PM ESTZoom (NASDAQ: ZM) shares have fallen in after-hours trading Monday following its third-quarter earnings release, which saw it top analyst earnings expectations.
The more than 5% decline adds to Zoom's 56% year-to-date decline, as the company's shares have struggled since the end of pandemic restrictions as people returned to offices.
The video communications firm posted earnings of $1.07 per share on revenue of $1.1 billion,... More
