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Zoom Communications Fiscal Q2 Adjusted Earnings, Revenue Rise

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Zoom Communications (ZM) reported fiscal Q2 adjusted earnings late Tuesday of $1.55 per diluted share, up from $1.53 a year earlier.

Analysts polled by FactSet expected $1.48.

Revenue in the three months ended July 31 rose to $1.28 billion from $1.22 billion a year earlier.

Analysts projected $1.27 billion.

The company expects fiscal Q3 non-GAAP diluted EPS of $1.46 to $1.48 on revenue of $1.275 billion to $1.28 billion. Analysts expect EPS of $1.50 on revenue of $1.28 billion.

Zoom boosted full-year guidance to non-GAAP diluted EPS of $6.08 to $6.12 on revenue of $5.085 billion to $5.095 billion, up from the prior outlook of EPS of $5.96 to $6 on revenue of $5.08 billion to $5.09 billion.

Analysts projected EPS of $6.04 on revenue of $5.09 billion.

Zoom shares fell 2.4% in after-hours trading.

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