India, Aug. 26 -- Zoom Communications, Inc. (ZM) shares fell $7.19, or 7.12 percent, to $93.73 on Wednesday, despite the company reporting higher second-quarter earnings and revenue.
The stock opened at $95.00 and traded between $93.65 and $98.36. It has traded in a 52-week range of $70.70 to $114.74 on the Nasdaq. Trading volume reached 2.81 million shares, compared with an average daily volume of 3.61 million shares.
Net income increased to $1.542 billion, or $5.15 per share, from $358.59 million, or $1.16 per share, a year earlier. Adjusted earnings were $464.01 million, or $1.55 per share. Revenue rose 4.9 percent to $1.277 billion from $1.217 billion.
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