Zoom Video Posts Strong Q2 Results, Joins Peloton Interactive, Opera And Other Big Stocks Moving Higher On Thursday

U.S. stocks were lower, with the Dow Jones index falling around 100 points on Thursday.

Shares of Zoom Video Communications, Inc. ZM rose sharply during Thursday's session following better-than-expected reported second-quarter financial results.

Zoom reported quarterly earnings of $1.39 per share which beat the analyst consensus estimate of $1.21 by 14.88%. Quarterly revenue of $1.16 billion also beat the consensus estimate and is a 2.09% increase from the same period last year.

Zoom Video shares jumped 12.2% to $67.62 on Thursday.

Here are some other big stocks recording gains in today's session.

• Peloton Interactive, Inc. PTON shares jumped 27% to $4.27 after reporting better-than-expected second-quarter financial results.
• Rezolve AI Limited RZLV gained 21% to $10.70 after the company announced a partnership with ePages.
• Opera Limited OPRA rose 16.7% to 14.99 after the company reported better-than-expected second-quarter financial results. Also, the company issued FY24 revenue guidance above estimates.
• EHang Holdings Limited EH gained 14.6% to $14.30 after the company reported better-than-expected second-quarter financial results.
• Grifols, S.A. GRFS rose 11.5% to $8.55.
• Olaplex Holdings, Inc. OLPX rose 11.4% to $2.44.
• Calumet, Inc. CLMT gained 11.4% to $19.53.
• QXO, Inc. QXO gained 10.2% to $14.89.
• OSI Systems, Inc. OSIS rose 8.6% to $157.00 after the company reported better-than-expected fourth-quarter financial results and issued FY25 guidance above estimates.
• Lindblad Expeditions Holdings, Inc. LIND gained 8.6% to $8.93.
• Opendoor Technologies Inc. OPEN rose 8.5% to $2.18.
• Redfin Corporation RDFN rose 7% to $9.66.
• MINISO Group Holding Limited MNSO gained 4.7% to $16.14.

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