Zoom raises outlook and authorizes another $1B in buybacks after first-quarter beat

Shares in Zoom Communications Inc. jumped more than 7% in late trading today after the video communications company comfortably beat first-quarter earnings and revenue expectations, lifted its full-year outlook and authorized another $1 billion in share buybacks.

For the quarter that ended on April 30, Zoom reported adjusted earnings per share of $1.55, up from […]

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