ZoomInfo Technologies (US:ZI) GlobeNewswire News Roomยท2024-08-20 20:00Core Viewpoint - ZoomInfo Technologies Inc. reported disappointing financial results for Q2 2024, leading to a significant drop in its stock price, and is currently under investigation for potential claims by investors [2]. Financial Performance - ZoomInfo's adjusted earnings per share for Q2 2024 were $0.17, which was below the analyst consensus estimate of $0.24 [2]. - The company experienced a year-over-year revenue decline of 6%, totaling $291.5 million, which also fell short of the expected revenue of $307.68 million [2]. Management Changes - The Chief Financial Officer, Cameron Hyzer, is set to depart from his role effective September 6, 2024 [2]. Stock Market Reaction - Following the announcement of the financial results and management change, ZoomInfo's stock price decreased by $1.79 per share, or 18.27%, closing at $8.01 per share on August 6, 2024 [2].