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Zoom thud on Wall Street with slowing growth, -12.18%

2021-11-23T15:54:21.073Z


Heavy zoom on Wall Street after the quarter which highlighted a slowdown in growth. Stocks lost 12.18%. (HANDLE)


Heavy zoom on Wall Street after the quarter which highlighted a slowdown in growth.

Stocks lost 12.18%. 

Offices fill up and Zoom's growth slows.

The third quarter of the fiscal year ended with revenues up 35% to 1.05 billion dollars, slowing compared to + 54% in the previous quarter and + 360% in the same period last year.

However, net profit rose 70% to 340 million.

For the fourth quarter, which ends in January, Zoom estimates revenues of 1.05 billion, above analysts' expectations.

Source: ansa

All life articles on 2021-11-23

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