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Zoom: Fiscal Q4 Earnings Snapshot

By The Associated Press

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

Federal judge blocks FIU from punishing group of students over silent anti-ICE protest on campus

By CNN
Click here for updates on this story    MIAMI (WFOR) -- A group of Florida International University students celebrated a legal victory over FIU administrators.A U.S. District Court Judge granted a motion to enjoin the university from enforcing regulations that punished members of FIU's student-led ICEBreakers group for a silent demonstration.In March, six students stood silently wearing T-shirts that said "ICE OFF FIU" in front of a crowd gathered inside a campus building to hear FIU President Jeanette Nunez interview a guest.Administrators initially ruled that the six students violated campus rules by causing disruption. The students had until September 4 to record a video explaining their behavior or risk a hold on their enrollment status. That hold can prevent students from registering for classes or receiving their diploma.Instead of complying, senior music education student Andrew Caro and others filed a lawsuit with the help of the American Civil Liberties Union.Those punished are part of FIU's ICEBreakers organization that pushes university leaders to keep Immigration and Customs Enforcement off campus."Knowing that we don't have to record that video and that our university will not go ahead with punishing us at least until the case finishes is absolutely overwhelming," Caro said. "Our Latino community is consistently under attack. They are being oppressed by our government and by the [Department of Homeland Security], and the fact that my university is complicit in that is the entire reason why we engaged in the demonstration."The ruling ordered the university to stop enforcing regulations punishing the ICEBreakers' conduct.The judge said the students and ACLU are likely to win their lawsuit because FIU administrators acted "without regard for whether" the demonstration "materially disrupts the school's operations."FIU's Senior Director of Media Relations Madeline Baró released a statement to CBS News Miami late Monday afternoon."FIU values freedom of expression and supports an environment that fosters civil discourse and the respectful exchange of ideas. At the same time, the university's responsibility is to maintain campus operations, support its educational mission, and ensure safety and access for all members of the university community. As this matter is pending litigation, we cannot comment further. We will comply with the court's order while considering our legal options."Please note: This story was provided to CNN Wire by an affiliate and does not contain original CNN reporting. This content carries a strict local market embargo. If you share the same market as the contributor of this article, you may not use it on any platform.
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