Why ZoomInfo Stock Skyrocketed Today
Shares of ZoomInfo (NASDAQ: ZI) skyrocketed by as much as 16% today after the company reported second-quarter earnings. The results topped expectations and guidance mostly came in strong as well.
Revenue in the second quarter jumped 57% to $174 million, topping the consensus estimate of $162.4 million. That translated into adjusted net income of $56.4 million, or $0.14 per share, while Wall Street analysts were modeling for just $0.12 per share in adjusted profits. The go-to-market intelligence technology company completed two acquisitions during the quarter, Chorus.ai and Insent.ai.
Image source: Getty Images.
Source Fool.com
