Zoom Stock Falls As Beat-And-Raise Quarter Finally Lets Investors Down

Zoom Video Communications (ZM) reported third-quarter earnings and revenue late Monday that topped analyst estimates, but the size of its beat-and-raise earnings lagged earlier coronavirus pandemic-driven boom quarters. Zoom stock fell in extended trading. X The “work-from-home” stock had retreated heading into earnings amid positive vaccine news and a lofty valuation. San Jose, Calif.-based Zoom…

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China Stocks Delisting Threat Grows For Alibaba, JD.com, Nio Amid House Vote, Kandi Fraud Allegations

New fraud allegations against Chinese electric-vehicle maker Kandi Technologies come at a particularly bad time for Wall Street. On Wednesday, the House has scheduled a vote on the Holding Foreign Companies Accountable Act, which could lead to the eventual delisting of Alibaba stock, JD.com (JD), Nio (NIO) and other China stocks. X Alibaba (BABA) fell…

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IHS Markit, MicroStrategy: 5 Top Stock Gainers for Monday

Stocks finished lower Monday as markets came off record highs that were spurred by optimism over the potential for a near-term coronavirus vaccine and relief for the U.S. economy.Here are some of the top gainers for Monday1. MicroStrategy | Percentage Increase 26%Microstrategy  (MSTR) – Get Report advanced after Andrew Left’s Citron Research recently said the enterprise analytics software…

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Financial Planning: Can You Do It Yourself?

Does everyone need to hire a professional to manage their finances? After all, the financial advice field is booming. From robo-advisors to banks, brokerages to independent financial advisors and financial planners, it seems that everywhere you look there’s someone clamoring to manage your money. But the answer to that opening question is: not necessarily. With a…

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Zoom Video Drops Despite Q3 Beat, Strong Guidance

Shares of Zoom Video Communications  (ZM) – Get Report dropped 5% after-hours Monday following the company’s fiscal third quarter earnings release. The San Jose-based company reported quarterly earnings of 99 cents per share on revenue of $777.2 million. Analysts were expecting Zoom to report earnings of 76 cents per share with revenue of $693.95 million.  “We remain…

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