SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Zoom Communications Inc. (ZM) on Wednesday reported fiscal fourth-quarter earnings of $674.1 million.
The San Jose, California-based company said it had profit of $2.22 per share. Earnings, adjusted for one-time gains and costs, were $1.44 per share.
The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.48 per share.
The video-conferencing company posted revenue of $1.25 billion in the period, exceeding Street forecasts. Seven analysts surveyed by Zacks expected $1.23 billion.
For the year, the company reported profit of $1.9 billion, or $6.18 per share. Revenue was reported as $4.87 billion.
For the current quarter ending in April, Zoom expects its per-share earnings to range from $1.40 to $1.42.
The company said it expects revenue in the range of $1.22 billion to $1.23 billion for the fiscal first quarter.
Zoom expects full-year earnings in the range of $5.77 to $5.81 per share, with revenue ranging from $5.07 billion to $5.08 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ZM at https://www.zacks.com/ap/ZM