SAN JOSE, Calif. (AP) _ Zoom Video Communications Inc. (ZM) on Monday reported fiscal third-quarter net income of $340.3 million.

The San Jose, California-based company said it had profit of $1.11 per share.

The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.09 per share.

The video-conferencing company posted revenue of $1.05 billion in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $1.02 billion.

For the current quarter ending in January, Zoom Video expects its per-share earnings to range from $1.06 to $1.07.

The company said it expects revenue in the range of $1.05 billion for the fiscal fourth quarter.

Zoom Video expects full-year earnings in the range of $4.84 to $4.85 per share, with revenue expected to be $4.08 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ZM at https://www.zacks.com/ap/ZM

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