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Tuesday 23 August 2022

Investment USA - Zoom shares continue to struggle as return to office weakens guidance | IG UK

 

23 August 2022
 
 Zoom Video Communications fell by more than 10% in extended trading, after the group cut its annual profit and revenue forecasts.


Zoom posted earnings of $1.05 per share, better than the 94 cents anticipated by analysts, but revenue missed forecast, rising only by 8% to $1.1Bln, its slowest quarterly revenue growth on record.






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