Zoom Video Communications Inc (NASDAQ:ZM) shares are trading lower Tuesday after the company reported weak top-line results and issued guidance below analyst estimates.

Zoom said second-quarter revenue increased 8% year-over-year to $1.1 billion, which missed average analyst estimates of $1.12 billion, according to Benzinga Pro. The company reported quarterly earnings of $1.05 per share, which beat average analyst estimates of 93 cents per share.

"While we saw continued momentum with our Enterprise customers and our non-GAAP operating income came in meaningfully higher than our outlook, our revenue was impacted by the strengthening of the U.S. dollar, performance of the online business, and to a lesser extent sales weighted to the backend of the quarter," said Kelly Steckelberg, CFO of Zoom.

Zoom expects third-quarter revenue to be between $1.095 billion and $1.1 billion versus the estimate of $1.15 billion. The company expects full-year revenue to be between $4.385 billion and $4.395 billion versus the estimate of $4.54 billion. 

Related Link: Zoom Video Investors Pull Back On Q2 Earnings: EPS Beat, Revenue Miss, Guidance Update And More

Analyst Assessment:

ZM Price Action: Zoom has a 52-week high of $184.91 and a 52-week low of $79.03.

The stock was down 11% at $86.73 at time of publication.

Photo: courtesy of Zoom.