Zoom shares jump as quarterly results beat on top and bottom lines

(CNBC) Zoom shares rose as much as 13% in extended trading on Monday after the video chat software vendor announced fiscal fourth-quarter results that topped analysts’ expectations.Revenue increased less than 3% from $1.12 billion a year earlier, according to a statement. The company reported net income of $298.8 million, or 98 cents per share, for the quarter that ended Jan. 31, compared with a net loss of $104.1 million, or 36 cents per share, in the year-ago quarter.

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