ZoomInfo Technologies Shares Decline 15% on 3Q Revenue Decline

Dow Jones11-13 20:10

By Denny Jacob

ZoomInfo Technologies shares declined 15% in premarket trading after revenue declined from a year earlier.

Shares were trading around $11.16. The stock is down 29% on the year.

The Vancouver, Wash.-based company, which provides contact and business information for clients, recorded revenue of $303.6 million in the third quarter compared to $313.8 million a year earlier. The results came in better than Wall Street predicted, however, with estimates of $299.4 million in revenue coming into the quarter.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

November 13, 2024 07:10 ET (12:10 GMT)

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