Home Premium Crypto ZM earnings are half of last year. Misses forecast. Stock shoots up and gains 10% – #marketnews

ZM earnings are half of last year. Misses forecast. Stock shoots up and gains 10% – #marketnews

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ZM earnings are half of last year. Misses forecast. Stock shoots up and gains 10% – #marketnews

Zoom Video Communications reported net income attributable to common stockholders of $113.6 million, compared with $227.4 million in net income a year earlier. Analysts polled by FactSet had expected net income of $115.1 million.

So Zoom stock is zooming because they launched a Zoom Contact and Whiteboard and Zoom Wendy’s livestreaming or some other fucking bullshit like that.

Their guidance is “Strong”. They expect to make around Jillion dollar next year probably because they have factored in monkeypox pandemic. At this point their ceo might as well start having raw buttsecks with wsb members to spread the virus and turn the guidance into reality.

Position: I bought ZM calls today morning. $95 call for June