LegalZoom Sheds More Than 10% After Missing Analyst Estimates for Q1 Earnings and Revenues
$LegalZoom(LZ.US$ fell more than 10% after hours Tuesday after the do-it-yourself legal-documents platform missed analyst estimates for its Q1 results.
LZ lost 13% to trade at $10.60 shortly after 5 p.m. ET. The stock sank after LegalZoom reported $0.09 in earnings per share on $174.2 million of revenues.
Both numbers trailed the $0.10 EPS and $175.4 million consensus estimates that analysts had reportedly predicted.
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