🔴 Zoom Video Communications is trading 5.4% down in pre-market as third-quarter guidance trails estimates

Zoom Video Communications is trading at $95.44 (-5.43%) as investors focus on weaker-than-expected third-quarter guidance.

• Second-quarter adjusted EPS was $1.55 and revenue was $1.28 billion, beating expectations.
• Third-quarter adjusted EPS guidance of $1.46–$1.48 trailed the $1.50 consensus; revenue guidance of $1.275–$1.280 billion was slightly below estimates.
• Full-year EPS and revenue guidance increased, while the broader market was essentially flat.