Why LegalZoom Stock Plummeted by Nearly 24% Today
LZLegalZoom.com(LZ) The Motley Fool·2024-05-09 06:13

The market was clearly unimpressed by the company's inaugural quarterly earnings release of the year. Although the broader stock market traded flat on Wednesday, numerous titles were outliers in terms of their price movements. Unfortunately for its investors, LegalZoom (LZ -23.87%) was one of them, and not positively. The company's share price tumbled by nearly 24% after it divulged first-quarter results. A pair of narrow quarterly misses Those figures were made public after market hours Tuesday, and they r ...