Zoom shares plunge after company cuts annual revenue forecast

Zoom Video Communications' Nasdaq-listed shares plunged over 6% in extended trading after the California-based company cut its annual revenue forecast on Monday. Zoom now expects to generate up to $4.38 billion in annual revenue, compared with an earlier outlook of up to $4.40 billion, as its online business declines. Meanwhile, the firm's third-quarter revenue rose 5% to $1.1 billion.