![]() Adjusted earnings increased by 12% to $1.11 per diluted share. Third-quarter sales rose 35% year over year to $1.05 billion. This time, the culprit was a solid earnings report with hints of worse news to come. The stock took another big hit two weeks later, making a 14.7% retreat on Nov. The same idea undermined Zoom's business prospects as the need for remote video meetings should fade out as workers go back to their office desks. Pharmaceuticals giant Pfizer presented strong results from trials of an anti-coronavirus pill, driving many stocks sharply higher as investors saw a quicker end to the global health crisis. ![]() Zoom's November pain started in the first week of the month. Zoom's stock has now lost more than half of its value over the last 52 weeks, missing out on a 27% gain in the S&P 500 market index: The online meetings specialist's red-hot trajectory in 2020 turned sour this year. Shares of Zoom Video Communications ( ZM -0.66%) fell 23% in November, according to data from S&P Global Market Intelligence.
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