ZoomInfo Stock Soars On Better-Than-Expected Q4 Results
Portfolio Pulse from Erica Kollmann
ZoomInfo Technologies Inc. (NASDAQ:ZI) reported Q4 earnings of 26 cents per share, surpassing the consensus estimate of 25 cents, and quarterly sales of $316.4 million, beating estimates of $310.64 million. The company introduced ZoomInfo Copilot, a GenAI-powered solution for revenue teams. ZoomInfo expects Q1 adjusted operating income between $115 million and $117 million, with EPS between 23 and 24 cents, and FY 2024 income between $492 million and $502 million, with EPS between 99 cents and $1.01. Shares surged 19.2% after-hours to $19.10.
February 12, 2024 | 9:30 pm
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ZoomInfo Technologies Inc. reported better-than-expected Q4 results, introduced ZoomInfo Copilot, and provided positive Q1 and FY 2024 guidance. Shares rose 19.2% after-hours.
ZoomInfo's better-than-expected Q4 earnings and sales, along with the introduction of a new AI-powered product, likely contribute to investor optimism. The positive guidance for Q1 and FY 2024 further supports the potential for continued growth, making a short-term positive impact on the stock price likely.
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