Zoom stock soars on earnings beat, share buyback

Zoom Video Communications (ZM) reported fourth-quarter earnings that topped analyst estimates. Adjusted earnings per share of $1.42 trounced estimates of $1.15. Revenue of $1.15 billion was slightly better than the expected $1.13 billion. The company also announced plans to buy back up to $1.5 billion worth of shares.

Yahoo Finance's Josh Lipton and Julie Hyman break down the report.

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Editor's note: This article was written by Stephanie Mikulich