LegalZoom Shares Sink More than 9% as Q1 Earnings, Revenue Miss
$LegalZoom (LZ.US)$ shares sank more than 9% in after-market trading as the company reported first quarter earnings and revenue that missed analysts' estimates.
The company said revenue in the first quarter rose 5% to $174.2 million. That missed the average estimate of $175.4 million expected by analysts, according to MT Newswires.
Adjusted earnings rose to 9 cents in the three months ended March 31, up from 7 cents a year earlier, the company said in a press release. That's still below the 10 cents expected by analysts, according to MT Newswires.
The company said revenue in the first quarter rose 5% to $174.2 million. That missed the average estimate of $175.4 million expected by analysts, according to MT Newswires.
Adjusted earnings rose to 9 cents in the three months ended March 31, up from 7 cents a year earlier, the company said in a press release. That's still below the 10 cents expected by analysts, according to MT Newswires.
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Former editor at Bloomberg, ex-commentary editor at Lazard. Posts aren’t investment advice. Views are just mine.
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