What Jim Cramer Liked About Zoom's Earnings Call
Real Money Stock of the Day Zoom Communications released its first earnings report since going public Thursday.
The company beat earnings expectations when it posted earnings Thursday night.
The company posted adjusted earnings of 3 cents a share, beating analysts' forecasts of 1 cent.
Revenue rose 103% from a year earlier to $122 million and beat expectations of $111.7 million.
Looking ahead, Zoom said it expects revenue of $129 million to $130 million, higher than expectations of $122.1 million.
The company forecast non-GAAP earnings of 1 cent to 2 cents a share.
"[Zoom has] a good product.
When I was at Nvidia , their product s everywhere.
But I thought it was interesting there was a land and expand that they're in every room.
They're not just in one room.
I thought this is very bullish.
I think that call was great.
Zoom Video to the Moon on Excellent Earnings Behind the Label: How Zoom Zoomed Up to Become a Billion Dollar Tech Company