LegalZoom: Q2 Earnings Snapshot

August 11, 2022 GMT

GLENDALE, Calif. (AP) _ LegalZoom.com Inc. (LZ) on Thursday reported a loss of $13.2 million in its second quarter.

The Glendale, California-based company said it had a loss of 7 cents per share. Earnings, adjusted for one-time gains and costs, came to 5 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.

The online platform for legal services posted revenue of $163.9 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $160.2 million.

For the current quarter ending in October, LegalZoom said it expects revenue in the range of $149 million to $151 million.

The company expects full-year revenue in the range of $612 million to $616 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LZ at https://www.zacks.com/ap/LZ