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Benzinga
Benzinga
Business
Adam Eckert

Why Zoom Shares Are Rising Today

Zoom Nasdaq Zoom Video Communications

Zoom Video Communications Inc (NASDAQ:ZM) shares are trading higher Tuesday morning after the company reported better-than-expected financial results and issued guidance above analyst estimates.

Zoom said first-quarter revenue increased 12% year-over-year to $1.074 billion, which beat the estimate of $1.07 billion, according to data from Benzinga Pro. The company reported quarterly earnings of $1.03 per share, which beat the estimate of 87 cents per share.

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