Zoom Video shares gain on strong results, $1.5-billion buyback

FILE PHOTO Small toy figures are seen in front of Zoom logo in this illustration picture taken March 15 2021. REUTERSDado RuvicIllustrationFile Photo

FILE PHOTO: Small toy figures are seen in front of Zoom logo in this illustration picture taken March 15, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) - Zoom Video Communications' shares gained nearly 13% in premarket trading on Tuesday after the company delivered better-than-expected results and announced a share buyback of up to $1.5 billion.

Shares of the California-based company were at $71.10 after closing at $63.12 on Monday.

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