Unexpected profit for Zoom – Emerce

Zoom Video Communications reported unexpectedly better figures in the first quarter. The American company posted a net profit of $ 15.4 million, or $ 0.05 earnings per share. Analysts had expected a loss.

Sales improved year-over-year from $1.07 billion to $1.11 billion.

For the current second quarter, Zoom expects revenue of $1.11 to $1.12 billion and adjusted earnings per share of $1.04 to $1.06.

The stock was up 2 percent in aftermarket trading on Monday.

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