Zoom reported first-quarter revenue of $1.14 billion, beating the consensus estimate of $1.13 billion. The communications company reported adjusted earnings of $1.35 per share, beating analyst estimates of $1.20 per share.
After the market close on Monday, Trump Media, the company behind former President Donald Trump's Truth Social, reported first-quarter revenue of $770,500 versus analyst estimates of $1.12 million, according to Benzinga Pro. The company also reported a quarterly loss of $3.61 per share.
Palo Alto reported fiscal third-quarter revenue of $1.985 billion, which beat analyst estimates of $1.967 billion, according to Benzinga Pro. The cybersecurity company's top-line results were up 15% on a year-over-year basis. Palo Alto reported adjusted earnings of $1.32 per share, which beat analyst estimates of $1.25 per share.
Macy's shares are climbing after reporting better-than-expected Q1 adjusted EPS and raising its FY24 outlook. Despite a 2.7% year-on-year sales decline to $4.846 billion, Macy's adjusted EPS of $0.27 beat the $0.15 consensus. The company updated its FY24 sales forecast to $22.3B-$22.9B and adjusted EPS guidance to $2.55-$2.90, reflecting strong customer response to their new strategy.
Zoom Video Communications Inc (NASDAQ:ZM) reported stronger-than-expected earnings for its first quarter on Monday. Zoom reported first-quarter revenue…