US Stock Market Move | The third quarter revenue guidance appears slightly lackluster, causing Zoom Communications (ZM.US) to drop by 5.5%.

On Wednesday, Zoom Video Communications (ZM.US) opened lower, and by the time of publication, its decline was about 5.5%. In terms of news, Zoom Video Communications reported better-than-expected results for the second quarter of fiscal year 2027. The earnings report showed that Zoom's second-quarter revenue grew 4.9% year-on-year to $1.277 billion, slightly exceeding the average analyst expectation of $1.27 billion. Among them, revenue from enterprise business increased by 7.8% year-on-year to $787.5 million, while online business revenue grew by 0.6% year-on-year to $489.7 million. However, the company also provided a somewhat tepid revenue guidance for the third quarter, which disappointed investors who had hoped for greater growth driven by the ongoing expansion of the company's product portfolio.