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Shares of ZoomInfo fell sharply in late buying and selling Monday, after the database data supplier to its company gross sales and advertising and marketing groups minimize its full-year monetary steering. The corporate’s press launch provided no rationalization for the extra modest expectations.

In late buying and selling, ZoomInfo was down 18%, at $21.

For the second quarter, ZoomInfo (inventory ticker: ZI) reported income of $308.6 million, up 16% from a yr in the past, however just under the Wall Road consensus of $310.9 million. Adjusted earnings have been 26 cents a share, above the consensus of 23 cents. Underneath usually accepted accounting ideas, the corporate earned 9 cents a share.

“We delivered one other quarter of income development, elevated profitability, and free money movement era,” CEO Henry Schock mentioned in an announcement.

For the September quarter, ZoomInfo expects income of $309 million to $312 million, with adjusted earnings of 24 to 25 cents per share; The analyst consensus had known as for income of $325.8 million and 25 cents.

ZoomInfo additionally lowered its steering for the total yr. The vary for brand new income steering is $1.225 billion to $1.235 billion, down from a earlier forecast of $1.275 billion to $1.285 billion.

ZoomInfo mentioned it now sees GAAP-free money movement of $445 million to $455 million, down from a earlier forecast of $507 million to $517 million. The corporate’s new non-GAAP EPS forecast is 99 cents to $1 per share, narrowing the vary from the earlier forecast of 99 cents to $1.01 per share.

The corporate additionally introduced a $500 million enlargement of its share repurchase program.

Write to Eric J. Savitz at eric.savitz@barrons.com