05:00 PM EST, 11/25/2024 (MT Newswires) -- (Updates with stock repurchase plan in the last paragraph.)

Zoom Video Communications ( ZM ) reported fiscal Q3 adjusted diluted earnings late Monday of $1.38 a share, up from $1.29 a year earlier.

Analysts polled by FactSet expected $1.31.

Revenue in the quarter ended Oct. 31 was $1.18 billion, up from $1.14 billion a year earlier.

Analysts surveyed by FactSet expected $1.16 billion.

The company said it expects fiscal Q4 non-GAAP diluted EPS of $1.29 to $1.30 on revenue of $1.175 billion to $1.180 billion. Analysts surveyed by FactSet expect non-GAAP EPS of $1.28 on revenue of $1.17 billion.

In fiscal 2025, the company expects non-GAAP diluted EPS of $5.41 to $5.43 on revenue of $4.656 billion to $4.661 billion. Analysts polled by FactSet expect non-GAAP EPS of $5.33 on revenue of $4.64 billion.

Zoom board authorized the repurchase of an additional $1.2 billion of its outstanding class A common shares.