- On February 28, 2023, Zoom Video Communications, Inc (NASDAQ:ZM) terminated the employment of Greg Tomb as the President, effective March 3, 2023.
- Tomb will receive the severance benefits payable per his previously disclosed employment arrangements that are payable upon a “termination without cause.”
- A spokesperson for Zoom said the company is not looking to find a replacement now.
- The former Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google executive had taken a high-profile role at Zoom during his short tenure, appearing on earnings calls and overseeing the company’s sales operation.
- Tomb reported directly to CEO Eric Yuan, who started Zoom in 2011 and had to build up the business during a pandemic-fueled boom rapidly.
- More recently, Zoom has been cutting jobs to deal with softening demand.
- On February 27, Zoom said fourth-quarter revenue increased 4% year-over-year to $1.12 billion, which beat consensus estimates of $1.1 billion.
- The communications company reported quarterly earnings of $1.22 per share, which beat average analyst estimates of 80 cents per share.
- Price Action: ZM shares traded lower by 1.53% at $69.55 premarket on the last check Friday.
Buckle Q2 EPS $1.01 Beats $0.89 Estimate, Sales $302.00M Miss $304.33M Estimate
Buckle (NYSE:BKE) reported quarterly earnings of $1.02 per share which beat the analyst consensus estimate of $0.89 by 14.61 percent. This is a 1.92 percent decrease over earnings of $1.04 per share from the same period
