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Zoom’s Earnings Surpass Forecasts but Stock’s Gain Fades
Zoom Video Communications shares briefly surged, but then faded, as the videoconferencing company posted financial results that edged past the numbers it had told investors to expect, and as management inched up its forecast for the full fiscal year.
Zoom shares (ticker: ZM) have been under pressure since the company’s latest earnings report as investors have worried over slowing growth. Demand for Zoom’s services took off during the pandemic, so the company now faces tough comparisons. The question now will be whether the…