ZoomInfo Technologies Inc. shares declined 5.99% to $27 in Monday’s after-hours market following the release of fourth-quarter results by the company.
After the bell, ZoomInfo reported fourth-quarter earnings per share of 6 cents on revenue of $301.7 million. Analysts were expecting EPS of 7 cents, according to FactSet. In the year-ago period, the company reported EPS of 36 cents on revenue of $222.3 million.
On an adjusted basis, ZoomInfo had fourth-quarter EPS of 26c, above the 18c reported in the year-ago period. Analysts were expecting adjusted EPS of 22 cents, according to FactSet.
The company said it is currently expecting fiscal year 2023 adjusted earnings per share in a range of 98 cents and $1, with revenue coming in between $1.275 billion and $1.285 billion.