.August 6, 2024 12:38 PM

ZoomInfo Technologies Inc. (NASDAQ:ZI) shares dropped 18% after disappointing second-quarter earnings and weak future guidance. Q2 adjusted EPS was $0.17, missing estimates of $0.24, with revenue at $291.5 million, down 6% year-over-year and below the expected $307.68 million. Despite challenges, ZoomInfo added 37 high-value customers in the quarter. Third-quarter guidance includes adjusted EPS of $0.21-$0.22 and revenue of $298-$301 million, below analyst estimates. Full-year 2024 forecasted adjusted EPS of $0.86-$0.88 and revenue of $1.19-$1.205 billion also fell short of expectations.