Why Did LegalZoom Stock Drop 27% Last Month?
LZLegalZoom.com(LZ) The Motley Fool·2024-06-07 08:19

Investors didn't love the earnings results or outlook for this online legal services provider. Shares of LegalZoom (LZ -0.35%) tumbled 26.5% in May, according to data from S&P Global Market Intelligence. The stock moved sharply lower following its quarterly earnings report, then extended those losses throughout the rest of the month. Quarterly earnings raised concerns Investors were disappointed when LegalZoom published quarterly financial results on May 7. The company fell just short of analyst expectation ...