ZoomInfo Technologies Inc. Reports Strong Q4 Results, Share Price Surges by 25%

Shares of ZoomInfo Technologies Inc. ZI soared in today’s pre-market trading following their announcement of robust fourth-quarter financial results.

The company’s quarterly earnings of 26 cents per share pleasantly exceeded the analyst consensus of 25 cents by 4%, maintaining parity with the figures from the same period last year. In addition, ZoomInfo Technologies reported quarterly sales of $316.4 million, surpassing the analyst consensus estimate of $310.64 million, as per data from Benzinga Pro.

ZoomInfo Technologies foresees fiscal year 2024 adjusted operating income between the range of $492 million and $502 million, with earnings projected to be in the zone of 99 cents to $1.01 per share.

Following the release of these impressive figures, ZoomInfo Technologies shares surged a significant 24.5% to $19.95 in pre-market trading.

Gainful Momentum

ARB IOT Group Limited ARBB prospered by 366% to $7.13 in pre-market trading after experiencing a 23% upsurge on Monday.
Farmmi, Inc. FAMI surged by 129% to $2.86 in pre-market trading following a 10% surge on Monday.
Chanson International Holding CHSN shares leaped 46.4% to $2.46 in pre-market trading.
DIH Holding US, Inc. DHAI shares rose 31.2% to $2.10 in pre-market trading on the heels of a 24% surge on Monday.
DDC Enterprise Limited DDC accelerated by 22.9% to $2.04 in pre-market trading after seeing a 3% increase on Monday.
Renalytix Plc RNLX gained 22.4% to $1.53 in pre-market trading. Renalytix shares had surged around 228% on Monday following the announcement of a draft Local Coverage Determination for KidneyIntelX and kidneyintelX.dkd testing by the Centers for Medicare and Medicaid Services on Feb. 8.
Benson Hill, Inc. BHIL rose 18.6% to $0.2479 in pre-market trading. Benson Hill is set to release its financial results for the fourth quarter before the opening bell on March 14, 2024.
JetBlue Airways Corporation JBLU surged 13.8% to $6.91 in pre-market trading after Carl Icahn disclosed a 9.91% stake in the company.
Tripadvisor, Inc. TRIP rose 13.5% to $25.39 in pre-market trading subsequent to the announcement of the formation of a Special Committee of independent members of its board of directors to evaluate proposals.

Encountering Losses

G1 Therapeutics, Inc. GTHX observed a 37.5% decline to $2.80 in pre-market trading. G1 Therapeutics decided to continue the Phase 3 trial of trilaciclib in metastatic triple negative breast cancer following the analysis by the independent Data Monitoring Committee.
Sientra, Inc. SIEN fell 23.1% to $0.45 in pre-market trading.
BranchOut Food Inc. BOF witnessed a 22.6% decline to $1.92 in pre-market trading. BranchOut Food shares had surged around 70% on Monday after the announcement of an expanded relationship with a retailer in a new agreement valued at an estimated $7.6 million annually.
Polished.com Inc. POL experienced a 22.2% dip to $3.78 in pre-market trading. Polished.com received a notice of acceleration on Feb. 6, 2024, demanding immediate repayment of all obligations under the credit agreement, including a principal balance of $91.25 million, due to defaults including non-payment.
2U, Inc. TWOU observed a 20% decline to $0.7350 in pre-market trading after reporting worse-than-expected fourth-quarter financial results and issuing 2024 revenue guidance below estimates.
Millennium Group International Holdings Limited MGIH saw a 17% decline to $2.58 in pre-market trading. Millennium Group International shares had jumped over 200% on Monday after YC 1926 (BVI) Limited reported an 88.89% stake in the company in a 13G filing on Friday.
Jayud Global Logistics Limited JYD observed a 15.7% decline to $0.97 in pre-market trading after experiencing a 30% jump on Monday.
MicroAlgo Inc. MLGO fell 15.7% to $0.7590 in pre-market trading following a 44% surge on Monday.
JanOne Inc. JAN declined 15.2% to $0.5652 in pre-market trading after a 9% gain on Monday.
Teradata Corporation TDC experienced a 14% decline to $41.95 in pre-market trading. Teradata reported better-than-expected results for its fourth quarter, but issued weak earnings guidance.