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The Wall Street Publication > Blog > Markets > Zoom Has Some Unhappy Hours Remaining
Markets

Zoom Has Some Unhappy Hours Remaining

Editorial Board Published November 23, 2021
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Zoom Has Some Unhappy Hours Remaining
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Zoom’s new normal isn’t here yet, but it’s getting closer.

The company formally known as Zoom Video Communications posted mixed results for its fiscal third quarter late Monday. Revenue of $1.05 billion was about 3% ahead of Wall Street’s estimates and the company’s projection for revenue of the same amount for the fiscal fourth quarter was likewise about 3% above analysts’ forecasts. But that also represents the first lack of sequential growth in the young company’s history, serving as yet another reminder that booming demand from the Covid-19 pandemic has largely ebbed.

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