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LegalZoom Lifts Guidance

By Yasin Ebrahim

Investing.com -- LegalZoom raised its full-year guidance Thursday after reporting an in-line third-quarter loss, and revenue that topped Wall Street estimates.  

LegalZoom (NASDAQ:LZ) was up more than 15% in afterhours trading following the report. 

The online legal service provider reported a loss of $0.05 per share on revenue of $154.4 million, compared with estimates for $0.05 and $150M, respectively.  

The company guided Q4 guidance on revenue in a range of $145M to $147M and adjusted earnings before interest, taxes, depreciation and amortization, or EBITDA, to $23M. Analysts are expecting Q4 revenue of  $145.6M.

Looking further ahead to the full-year, the company lifted its guidance, noting the "proactive measures we’ve taken to strengthen our profitability in recent quarters have enabled us to increase our full-year revenue and Adjusted EBITDA guidance.”

LegalZoom now expects full-year revenue to be between $617M and 619M and adjusted EBITDA to be $60 million, up from a prior estimate for revenue of $612M to $616M and adjusted EBITDA of $55M.

 

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.