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Zoom raises annual revenue forecast https://t.co/qa1yYznBfe https://t.co/hOcSDc0l7U
$ZM custs>100k revs up a trend 7% but Ent custs decline 12% which is very light unless changed the def; Ent NDER was a tad disappointing at 98% down 100bps; Ent biz overall still a bit lackluster trending 4-5% growth though exp'd; CFO resigning; operational metrics great but...
$ZM Zoom Video raises FY25 EPS view to $5.29-$5.32 from $4.99-$5.02Consensus $5.05. Raises FY25 revenue view to $4.63B-$4.64B from $4.61B-$4.62B, consensus $4.62B
Vipshop Holdings, a Chinese discount retailer, reported a 3.82% year-over-year decline in revenue to $3.70 billion for the second quarter of 2024, surpassing expectations by $38.15 million. The company's earnings per share fell 8.47% year-over-year to $0.54, aligning with estimates. Additionally, Vipshop's revenue fell 4% to CNY26.9 billion, and net profit narrowed 8% to CNY2.2 billion. In response to the challenging economic environment, Vipshop announced a $1 billion share buyback plan.
