Zoom Info: Q2 Earnings Snapshot

Aug 1, 2022Updated: Aug 1, 2022 1:29 pm

VANCOUVER, Wash. (AP) _ ZoomInfo Technologies Inc. (ZI) on Monday reported second-quarter earnings of $15.9 million.

The Vancouver, Washington-based company said it had profit of 4 cents per share. Earnings, adjusted for stock option expense and amortization costs, were 21 cents per share.

The results surprised Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share.

The company posted revenue of $267.1 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $254 million.

For the current quarter ending in October, ZoomInfo expects its per-share earnings to range from 19 cents to 20 cents.

The company said it expects revenue in the range of $277 million to $279 million for the fiscal third quarter.

ZoomInfo expects full-year earnings in the range of 78 cents to 80 cents per share, with revenue ranging from $1.08 billion to $1.09 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ZI at https://www.zacks.com/ap/ZI