Zoom Stock Rises After Beating Estimates and Signs of Increased AI Acceptance
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The stock of video conferencing company Zoom Communications rose after the company reported better-than-expected financial results and highlighted the ongoing acceptance of its updates in the AI sector. Strong Growth Confirmed: Zoom Surpasses Earnings and Revenue Projections Zoom reported a third-quarter adjusted profit of $1.52 per share on revenue of $1.23 billion. Analysts surveyed by FactSet had expected earnings of $1.44 per share and revenue of $1.21 billion. Zoom also announced that the company expects fourth-quarter earnings to...
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