Shares of newly public Zoom Video Communications (ZM) rose in after-hours trading Thursday, after the company posted its first results as a public company after the bell.
The online video conference company reported net income of $0.2 million, breaking even on a per-share basis. Total revenue reported was $122 million.
Zoom had been expected to report earnings of 1 cent a share on sales of $111.7 million, based on a FactSet survey of 16 analysts.
Shares of Zoom have soared since the company came public in April at $36 a share. The stock closed Thursday up $1.39, or 1.8%, at $79.43.
In after hours trading Thursday, shares rose $7.36, or 9%, to $86.79.
The company forecast second-quarter revenue between $129 million and $130 million and non-GAAP EPS of 1 to 2 cents.