Zoom beats earnings prediction and announces share buyback scheme LeapRate

Zoom beats earnings prediction and announces share buyback scheme

With predicted revenue for Q1 listed at $1.13bn, these positive results led to a surge in the ZM share price on the Nasdaq, taking the market cap to $20.76bn in the process. As part of the results announcement, ZM also confirmed that it will be buying back up to $1.5bn of its shares. While the…

June 03, 2020 BY Valentina Kirilova

Daily Market News: Zoom stock rises then falls after blockbuster earnings

What to watch Campbell Soup: Campbell’s Soup has been one beneficiary of the pandemic, as investors rushed to stock up on canned goods and other cupboard staples. The firm’s share price is up 5.2% year-to-date, and 36.5% over the past 12 months. Investors will be watching for growth in the company’s snacks business, and details…

Tag: Zoom Video Communications

Daily Market News: Zoom stock rises then falls after blockbuster earnings

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