Zoom’s stock jumps 13% on strong results, guidance amid AI push

Zoom Video Communications Inc.’s stock surged in extended trading Monday, after the videoconferencing company topped expectations across the board with its financial results and forecasts. The company also authorized a $1.5 billion buyback. Zoom  ZM, -0.44%reported fiscal fourth-quarter net income of $298.8 million, or 95 cents cents a share, on revenue of $1.15 billion, up from $1.12 billion a year ago. After adjusting for stock compensation and other effects, Zoom reported earn