04:59 PM EDT, 08/21/2024 (MT Newswires) -- Zoom Video Communications ( ZM ) late Wednesday reported a surprise increase in fiscal second-quarter earnings while the video communication platform's revenue topped Wall Street's estimates.

Adjusted per-share earnings increased to $1.39 during the three months ended July 31 from $1.34 a year earlier. The consensus on Capital IQ was for a decline to $1.22. Revenue edged 2.1% higher to $1.16 billion, just above the Street's $1.15 billion call.

The stock was up 2.7% in after-hours trade.

Enterprise revenue gained 3.5% year-over-year to $682.8 million, while online sales were flat at $479.7 million.

Zoom now expects fiscal 2025 adjusted EPS of $5.29 to $5.32 on revenue between $4.63 billion and $4.64 billion. It previously expected EPS of $4.99 to $5.02 and sales in the $4.61 billion to $4.62 billion range. The consensus among analysts on Capital IQ is for $5.06 and $4.62 billion, respectively.

Zoom forecasts third-quarter adjusted EPS of $1.29 to $1.31 on $1.16 billion to $1.165 billion in revenue. The Street's view is for $1.24 and $1.16 billion, respectively.

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