![]() ![]() Zoom Video Communications (ZM) stock is off 2% at $97.55 ahead of fiscal second quarter 2023 earnings expected after the close on Monday. In other words, executives see earnings falling 20% QoQ and revenue remaining flat. To top it off, management guided Q3 results to $0.82 or $0.83 on sales of $1.095 billion to $1.10 billion. ![]() Adjusted EPS of $1.05 was well ahead of the $0.93 called for by analysts, but revenue for the quarter was $17.6 million short of the $1.12 billion consensus figure. ZM shares have dropped as much as 9.8% to $87.88 in Tuesday's premarket. UPDATE: Zoom Video Communications offered up a mixed bag for its Q2 earnings release late Monday, but the market chose to focus instead on weaker guidance for the third quarter. ![]() The communication software company should enjoy better Q2 results.Wall Street expects adjusted EPS of $0.93 on $1.12 billion in revenue. ![]()
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