© Reuters
Investing.com — ZoomInfo Technologies Inc (NASDAQ:) stock was falling in after-hours trading after its revenue guidance for the third quarter was weaker than expected.
The company, which makes a cloud-based platform for sales and marketing, adjusted earnings per share of 26 cents on revenue of $308.6 million, up 16%. Analysts expected earnings of 23 cents a share on revenue of $311.2M.
Shares were down 19% in after-hours trading and are down about 15% so far this year.
For the third quarter, the company sees adjusted earnings per share in the range of 24 cents to 25 cents and revenue of $309M to $312M, which would be below consensus for $325.7M.
For the full year, ZoomInfo sees adjusted earnings per share of 99 cents to $1 and revenue of $1.225 billion to $1.235 billion, a downward revision from prior guidance.
The company also said its board approved an additional share repurchase of $500M.
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