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The latest update is out from Ziff Davis, Inc. (ZD).
Ziff Davis Inc. has indicated that its financial performance for the second quarter of 2024 may fall below analyst expectations due to various business challenges. The company’s preliminary update comes amidst its private exchange agreements to swap $401 million of its convertible senior notes for new notes and cash. While the second-quarter results are still being finalized, the firm plans to release the confirmed financial outcomes in early August. These developments, highlighted in a press release, form part of forward-looking statements under the Private Securities Litigation Reform Act, and are subject to risks and uncertainties that could affect the company’s actual results.
For detailed information about ZD stock, go to TipRanks’ Stock Analysis page.
