Here’s Why Zoom Shares Plunge 4% Today
<p><a href='https://financialmodelingprep.com/financial-summary/ZM'>Zoom (NASDAQ:ZM)</a> 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. </p>
<p>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.</p>

NASDAQ:ZM