Stocks closed mixed Tuesday as Wall Street began August deep in the heart of corporate earnings season.
These stocks made moves Tuesday:
Shares of
ZoomInfo Technologies
(ticker: ZI) fell 27% after the provider of database information for corporate sales and marketing teams reduced its full-year revenue guidance. ZoomInfo said it expects revenue of $1.225 billion to $1.235 billion, down from a previous forecast of $1.275 billion to $1.285 billion. “We are cognizant of the ongoing macro challenges and acknowledge that our improvements could be offset by further deterioration in buyer sentiment and behavior,” said Chief Financial Officer Cameron Hyzer during ZoomInfo’s conference call.
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