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.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Moomoo Senior News and Community Manager
Former editor at Bloomberg, then Lazard Asset Management. Posts aren’t investment advice. Views are just mine.
3490Followers
14Following
8728Visitors
Follow