Zoom Video Communications Lowers Fiscal Year Outlook
23 August 2022 - 7:04AM
Dow Jones News
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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