BMLpJ

Bank of America Corporation Bank of America Corporation Depositary Shares (Each representing a 1/120

19.4000
USD
-0.10%
19.4000
USD
-0.10%
18.5400 26.3057
52 weeks
52 weeks

Mkt Cap 465.60M

Shares Out 24.00M

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Zoom bets on hybrid work to raise full-year profit forecast

Adds details on net income, share move May 23 (Reuters) - Zoom Video Communications Inc ZM.O on Monday raised its full-year adjusted profit forecast, signaling robust demand for its video-conferencing tools in a hybrid work environment, sending the company's shares up 17% in extended trading. Zoom said full-year adjusted profit per share is expected to be between $3.70 and $3.77, compared with earlier expectations of between $3.45 and $3.51. The company said revenue rose 12% to $1.07 billion in the quarter ended April 30, in line with Wall Street estimates, according to Refinitiv data. Net income attributable to common stockholders fell to $113.6 million, or 37 cents per share, in the first quarter, from $227.4 million, or 74 cents per share, a year earlier. (Reporting by Eva Mathews in Bengaluru; Editing by Amy Caren Daniel) ((Eva.Mathews@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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