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Zoom shares fall 16% following revenue miss and gloomy forecast

Zoom shares fall 16% following revenue miss and gloomy forecast

A trader working after the Nasdaq opening bell ceremony on April 18, 2019 in New York City.

Kena Betancur | Getty Images

Shares of Zoom closed down 16% on Tuesday, a day after the company released second-quarter results that missed analyst’s revenue estimates.

The video communications company reported $1.10 billion in revenue for the quarter, short of the $1.12 billion expected by analysts, according to Refinitiv. Weighted sales, the strong…


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