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Why ZoomInfo Stock Skyrocketed Today

TheMotleyFool

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Shares of ZoomInfo (NASDAQ: ZI) skyrocketed by as much as 16% today after the company reported second-quarter earnings. The results topped expectations and guidance mostly came in strong as well.

Revenue in the second quarter jumped 57% to $174 million, topping the consensus estimate of $162.4 million. That translated into adjusted net income of $56.4 million, or $0.14 per share, while Wall Street analysts were modeling for just $0.12 per share in adjusted profits. The go-to-market intelligence technology company completed two acquisitions during the quarter, Chorus.ai and Insent.ai.

Image source: Getty Images.

Source Fool.com

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