By Kathryn Hardison

 

Zoom Video Communications Inc. lowered its full-year outlook after its second-quarter revenue was hit by the strong dollar and its online business performance.

The video communications platform company guided for revenue between $4.385 billion and $4.395 billion, down from previous guidance issued in May of $4.53 billion to $4.55 billion.

Zoom guided for adjusted earnings per share for the year between $3.66 and $3.69, compared with its prior outlook of between $3.70 and $3.77 per share.

For its third quarter, Zoom guided for revenue between $1.095 billion and $1.10 billion. Adjusted earnings per share are expected to be between 82 cents and 83 cents.

Analysts polled by FactSet had expected third-quarter sales to be around $1.15 billion with adjusted earnings per share of 92 cents.

 

Write to Kathryn Hardison at kathryn.hardison@wsj.com

 

(END) Dow Jones Newswires

August 22, 2022 16:49 ET (20:49 GMT)

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