01:57 PM EDT, 05/08/2024 (MT Newswires) -- LegalZoom.com ( LZ ) shares dropped 25% in recent Wednesday trading, a day after the company reported its Q1 revenue missed analysts' estimate.

The company reported Q1 non-GAAP earnings late Tuesday of $0.09 per diluted share, up from $0.07 a year earlier.

Analysts polled by Capital IQ expected $0.09.

Revenue for the quarter ended March 31 was $174.2 million, up from $165.9 million a year earlier.

Analysts surveyed by Capital IQ expected $175.4 million.

The company said it expects Q2 revenue of $172 million to $176 million. Two analysts polled by Capital IQ expect $175.6 million.

LegalZoom.com ( LZ ) reiterated its full-year 2024 revenue outlook of $700 million to $720 million. Analysts surveyed by Capital IQ expect $712.4 million.

Price: 9.15, Change: -3.05, Percent Change: -24.98