US Stock Movement | ZoomInfo plunges over 32% in pre-market trading; Q1 earnings beat expectations but full-year guidance slashed, announces layoffs and restructuring
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Glonghui, May 12 | ZoomInfo (GTM.US) saw a significant pre-market drop of over 32%. According to news reports, ZoomInfo released its first quarter 2026 financial report after the market closed on May 11. The report exceeded expectations, but the full-year guidance was substantially lowered: Q1 revenue and profit both surpassed the upper end of guidance; however, due to deteriorating macroeconomic conditions and AI-related uncertainties leading to changes in customer behavior, the company sharply reduced its full-year revenue outlook and announced a restructuring plan involving a 20% workforce reduction.
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