Zoom Info: Q3 Earnings Snapshot

Nov 1, 2022Updated: Nov 1, 2022 3:53 pm

VANCOUVER, Wash. (AP) _ ZoomInfo Technologies Inc. (ZI) on Tuesday reported third-quarter net income of $17.9 million.

On a per-share basis, the Vancouver, Washington-based company said it had profit of 4 cents. Earnings, adjusted for stock option expense and amortization costs, were 24 cents per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.

The company posted revenue of $287.6 million in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $277.9 million.

For the current quarter ending in December, ZoomInfo expects its per-share earnings to range from 21 cents to 22 cents.

The company said it expects revenue in the range of $298 million to $300 million for the fiscal fourth quarter.

ZoomInfo expects full-year earnings in the range of 83 cents to 84 cents per share, with revenue ranging from $1.09 billion to $1.1 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