What Jim Cramer Liked About Zoom's Earnings Call
Real Money Stock of the DayZoom Communications (ZM) - Get Report released its first earnings report since going public Thursday.
The company beat earnings expectations when it posted earnings Thursday night.
The company posted adjusted earnings of 3 cents a share, beating analysts' forecasts of 1 cent. Revenue rose 103% from a year earlier to $122 million and beat expectations of $111.7 million.
Looking ahead, Zoom said it expects revenue of $129 million to $130 million, higher than expectations of $122.1 million. The company forecast non-GAAP earnings of 1 cent to 2 cents a share.
"[Zoom has] a good product. When I was at Nvidia (NVDA) - Get Report , their product s everywhere. But I thought it was interesting there was a land and expand that they're in every room. They're not just in one room. I thought this is very bullish. I think that call was great.
Related. Bang! Zoom Video to the Moon on Excellent Earnings
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