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home / news releases / LZ - Why Shares of LegalZoom Tumbled Today


LZ - Why Shares of LegalZoom Tumbled Today

2023-08-09 18:38:00 ET

Shares of LegalZoom (NASDAQ: LZ) were falling today after the legal assistance platform posted in-line results in its second-quarter earnings report but said prices were falling in the industry.

The stock finished the session down 20.5%.

LegalZoom, which provides a platform that makes it easy for businesses to incorporate or to create other legal documents, said revenue in the quarter grew just 4% to $168.9 million, though that was ahead of the analyst consensus at $167.1 million.

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Why Shares of LegalZoom Tumbled Today
Stock Information

Company Name: LegalZoom.com Inc.
Stock Symbol: LZ
Market: NASDAQ
Website: legalzoom.com

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