![]() Today, it's worth about a quarter of that- a stunning fall. Their CFO Kelly Steckelberg touted a record number of Zoom Phone licenses sold in the quarter, but acknowledged, quote, "revenue was impacted by the strengthening US dollar, performance of the online business, and, to a lesser extent, sales weighted to the back end of the quarter." Now, remember, at the height of the pandemic, Zoom had a market cap of more than $100 billion. The video communications company reported $1.1 billion in revenue for the quarter, short of the $1.12 billion expected by analysts. Plummeting today after the company released second quarter earnings results Monday that missed estimates. Video TranscriptÄAVE BRIGGS: My play is Zoom, another team I might not rule out. ![]() Yahoo Finance Live checks out Zoom's stock. ![]()
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