Why Zoom Stock Is Lower Despite Earnings Beat

Zoom  (ZM) - Get Report reported earnings. 

The company posted fourth-quarter adjusted earnings of $1.22 per share on revenue of $882.5 million, a 369% year-over-year increase.

“The fourth quarter marked a strong finish to an unprecedented year for Zoom. In FY2021, we significantly scaled our business to provide critical communications and collaboration services to our customers and the global community in response to the pandemic," said CEO Eric Yuan. 

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