Zoom Q4 results beats estimates on strong product demand, announces share buyback; share price rallies 10%

[Bilgin]

Zoom Q4 results beats estimates on strong product demand, announces share buyback; share price rallies 10% Zoom projected revenue of about $4.6 billion in the fiscal year ending in January 2025, which is below analysts’ estimate of $4.66 billion. Profit, excluding some items, is estimated to be $4.85 to $4.88 a share, compared with the average projection of $4.72.