Zoom Video Communications Inc. has released a sales forecast for the upcoming quarter that falls short of investor expectations.
The company expects to generate approximately $1.18 billion in revenue for the period ending in January, according to a recent announcement. Profit projections, excluding certain items, are estimated to be between $1.29 and $1.30 per share.
Analysts had previously predicted adjusted earnings of $1.28 per share on sales of $1.17 billion, indicating a slight discrepancy between the company's outlook and market expectations.