Ziff Davis Inc ZD:NASDAQ

Last Price$74.83NASDAQ Previous Close - Last Trade as of 4:00PM ET 6/27/22
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Ziff Davis Reports Preliminary Q4 Adjusted Earnings Fall, Revenue Rises; Issues 2022 Guidance

3:49AM ET 2/15/2022 MT Newswires
Ziff Davis (ZD) reported preliminary unaudited Q4 adjusted earnings from continuing operations late Monday of $2.17 per diluted share, down from $2.24 a year earlier.

Analysts polled by Capital IQ forecast EPS of $1.33.

Revenue in the quarter ended Dec. 31 was $408.6 million, up from $384.1 million a year earlier. Analysts polled by Capital IQ forecast revenue of $406.9 million.

Cash and cash equivalents stood at $694.8 million as of Dec. 31 versus $176.4 million last year.

For 2022, Ziff Davis expects adjusted diluted EPS of $6.52 to $6.79 on revenue of $1.50 billion to $1.54 billion, it said. Analysts polled by Capital IQ forecast revenue of $1.52 billion.

The technology company's shares were down nearly 3% Monday in after-hours activity.

Price: 97.97, Change: -2.79, Percent Change: -2.77