ZoomInfo: Q2 profit overview | Washington

Vancouver

VANCOUVER, Wash. (AP) – ZoomInfo Technologies Inc. (ZI) reported net earnings of $ 9.3 million for the second quarter on Monday, after posting a loss in the same period last year.

On a per share basis, the Vancouver, Washington-based company reported net income of 5 cents. Adjusted for stock option expenses and one-time costs, earnings were 14 cents per share.

The results exceeded Wall Street’s expectations. The average estimate by eight analysts surveyed by Zacks Investment Research was earnings of 12 cents per share.

The company had sales of $ 174 million for the period, which also exceeded Street forecasts. Six analysts surveyed by Zacks expected $ 162.4 million.

For the current quarter ending in October, ZoomInfo expects earnings per share of 11 to 12 cents.

The company expects third quarter sales of $ 182 million to $ 184 million.

ZoomInfo expects full year earnings in the range of 50 cents to $ 51 per share on revenues between $ 703 million and $ 707 million.

The ZoomInfo share is up 14% since the beginning of the year. In the last few minutes of trading on Monday, the stock hit $ 54.78, up 34% over the past 12 months.