Zoom shares continue to struggle as return to office weakens guidance

[MongiIG]

Zoom Video Communications fell by more than 10% in extended trading, after the group cut its annual profit and revenue forecasts. Zoom posted earnings of $1.05 per share, better than the 94 cents anticipated by analysts, but revenue missed forecast, rising only by 8% to $1.1Bln, its slowest quarterly revenue growth on record.