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Yext: Fiscal 1Q Earnings Snapshot

NEW YORK (AP) _ Yext Inc. (YEXT) on Thursday reported a loss of $29.2 million in its fiscal first quarter.

On a per-share basis, the New York-based company said it had a loss of 25 cents. Losses, adjusted for stock option expense, were 10 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.

The software developer posted revenue of $85.4 million in the period, which met Street forecasts.

For the current quarter ending in August, Yext expects its results to range from a loss of 13 cents per share to a loss of 11 cents per share.

The company said it expects revenue in the range of $84 million to $86 million for the fiscal second quarter.

Yext shares have climbed 16% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $16.67, a fall of roughly 10% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on YEXT at https://www.zacks.com/ap/YEXT