ZoomInfo Shares Surge 12% on Q2 Earnings Beat and Raise By Investing.com

ZoomInfo Shares Surge 12% on Q2 Earnings Beat and Raise

Stock Markets Aug 01, 2022 05:29PM ET

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ZoomInfo Shares Surge 12% on Q2 Earnings Beat and Raise

By Davit Kirakosyan

ZoomInfo Technologies Inc (NASDAQ:ZI) shares rose around 12% after-hours following the company’s reported Q2 results, with EPS of $0.21 coming in better than the consensus estimate of $0.18. Revenue grew 54% year-over-year to $267.1 million, beating the consensus estimate of $254.63 million.

“Our platform strategy is resonating with customers, and we delivered another record quarter, combining strong revenue growth, profitability, and free cash flow,” said Henry Schuck, the company’s founder and CEO.

The company expects Q3/22 EPS in the range of $0.19-$0.22, compared to the consensus of $0.19, and revenue in the range of $277-279 million, compared to the consensus of $270.21 million.

For the full 2022-year, the company expects EPS in the range of $0.78-$0.80, compared to the consensus of $0.76, and revenue in the range of $1.08-1.09 billion, compared to the consensus of $1.06 billion.

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Comments (1)

Gabe Domen Aug 01, 2022 8:03PM ET

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