Zoom Delivers Strong Sales, Tesla Rallies, Tyson Foods Soars
On this episode of Stock Movers:- Zoom (ZM) reported quarterly revenue that topped analysts’ estimates, a sign of strength for the software maker’s expanded suite of business tools. Fiscal third-quarter sales increased 4.4% to $1.23 billion, Zoom said Monday in a statement. Profit, excluding some items, was $1.52 a share. Analysts, on average, estimated earnings of $1.44 a share on revenue of $1.21 billion, according to data compiled by Bloomberg. The shares gained about 4% in extended trading after closing Monday at $78.60 in New York. The stock has declined 3.7% this year amid a…
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