Zoom Stock Falls Back Due to Guidance Falling Short of Expectations
2026-08-26 20:40:31
According to CoinMeta, the second-quarter financial report released by Zoom Communications ( ZM ) shows that although the company's sales performance exceeded expectations, overall earnings and revenue were still slightly below market consensus. On Wednesday, Zoom's stock fell due to the revenue guidance for the October quarter being slightly lower than Wall Street's targets, mainly affected by the weakness in its consumer business. The software manufacturer announced its financial report after the market closed on Tuesday, which showed quarterly earnings of $1.55 as of July.
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Source:Internet
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