(Seoul=Yonhap Infomax) Yong Wook Kwon – Shares of Zoom Video Communications Inc. (NASDAQ: ZM), a leading communications software provider, jumped nearly 4% in after-hours trading following the release of its quarterly earnings.


According to Yahoo Finance and other sources on the 24th (local time), Zoom reported third-quarter revenue of $1.22 billion, surpassing market expectations of $1.21 billion. Earnings per share (EPS) came in at $1.52, also beating the consensus estimate of $1.44.


The company announced an additional $1 billion share repurchase program and raised its full-year revenue guidance.


Zoom now expects total revenue for the year to be in the range of $4.852 billion to $4.857 billion. The company also revised its net income forecast upward to $5.85 to $5.97 per share.


In after-hours trading, Zoom shares rose 3.6% to close at $81.48 per share.


ywkwon@yna.co.kr


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