Business information services provider ZoomInfo posted better-than-expected third-quarter results, but the company’s shares are nonetheless trading sharply lower in late trading Tuesday, apparently on investor disappointment with billings in the quarter.
ZoomInfo
(ticker:
ZI
) provides databases used by sales and marketing teams to help identify new customers. Investors appear concerned that softer-than-expected billings hints at slowing growth in the face of a weakening macroeconomic environment.
Source: https://www.barrons.com/articles/zoominfo-shares-tumble-51667341536?siteid=yhoof2&yptr=yahoo