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ZoomInfo reported its results and provided guidance at the start of November. The guidance, although it was a raise, was poorly received, and the shares fell by 30% in the wake of the release.
The company warned that growth would slow due to macro headwinds.
ZoomInfo Technologies (NASDAQ: ZI ) stock is taking a beating on Wednesday following the release of its third-quarter 2022 earnings report. That earnings report starts with adjusted earnings per share of 24 cents.
Henry Schuck, ZoomInfo CEO, joins 'TechCheck' to discuss the company's quarterly earnings results, net revenue retention and more.
Yahoo Finance Live anchors Brad Smith, Brian Sozzi and Julie Hyman discuss why ZoomInfo stock has plunged in early trading.
ZoomInfo dived after the company reported third-quarter profit and revenue that topped estimates but billings missed amid weak guidance. The post ZoomInfo Plunges As Billings Miss Amid Weak Revenue Guidance appeared first on Investor's Business Daily.
ZoomInfo Technologies Inc. (NASDAQ:ZI ) Q3 2022 Results Conference Call November 1, 2022 4:30 PM ET Company Participants Jerry Sisitsky - VP, IR Henry Schuck - Founder, CEO Cameron Hyzer - CFO Conference Call Participants DJ Hynes - Canaccord Brent Bracelin - Piper Sandler Alex Zukin - Wolfe Research Phil Winslow - Credit Suisse Mark Murphy - JPMorgan Elizabeth Porter - Morgan Stanley Brad Zelnick - Deutsche Bank Koji Ikeda - Bank of America Siti Panigrahi - Mizuho Michael Turrin - Wells Fargo Securities Rishi Jaluria - RBC Capital Markets Taylor McGinnis - UBS Terry Tillman - Truist Securities Operator Good day, and thank you for standing by. Welcome to the ZoomInfo Third Quarter Financial Results Conference Call.
ZoomInfo (ZI) delivered earnings and revenue surprises of 20% and 3.49%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
While business information provider ZoomInfo beat profit and revenue estimates, there are new concerns about the company's outlook.
ZoomInfo Technologies Inc. shares ZI, -2.31% were off 20% in after-hours trading Tuesday after the company topped expectations with its latest earnings and revenue figures but cut its free-cash flow outlook for the full year. The company logged third-quarter net income of $17.9 million, or 4 cents a share, whereas it posted a net loss of $40.6 million, or 15 cents a share, in the year-earlier period.