Zoom Avoids Doom (For Now)
Pandemic-era darling Zoom Video Communications reported results tonight after hitting all-time lows late last month. And for once, it didn’t disappoint. 👍
The company’s adjusted earnings per share of $1.29 beat expectations of $1.10. Analysts quickly pointed out that the beat was primarily driven by the company cutting sales/marketing and general/administrative expenses. But for Zoom, a win is a win…