05:03 PM EDT, 07/09/2024 (MT Newswires) -- LegalZoom.com ( LZ ) said Tuesday it appointed chairman of the board Jeffrey Stibel as chief executive, effective immediately.

Stibel succeeds Dan Wernikoff, who is leaving the company and resigning from the board.

The company reiterated its Q2 revenue guidance of $172 million to $176 million and reduced its full-year outlook to $675 million to $685 million. Analysts polled by Capital IQ expect $174.6 million and $709.9 million respectively.

Shares of the company fell 7% in recent after-hours activity.

Price: 7.25, Change: -0.60, Percent Change: -7.64