ZoomInfo Technologies Q2 Earnings: Revenue Miss, EPS Miss, Soft Guidance, CFO Transition And More
Portfolio Pulse from Adam Eckert
ZoomInfo Technologies Inc (NASDAQ:ZI) reported disappointing Q2 earnings with both revenue and EPS missing estimates. The company also provided soft guidance for Q3 and announced a CFO transition. Shares dropped 13.37% in after-hours trading.
August 05, 2024 | 9:11 pm
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ZoomInfo Technologies reported Q2 revenue of $291.5 million and EPS of 17 cents, both missing estimates. The company provided soft Q3 guidance and announced a CFO transition. Shares fell 13.37% in after-hours trading.
The earnings miss, soft guidance, and CFO transition are significant negative factors that have led to a sharp decline in the stock price. Investors are likely to react negatively in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100