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Yext: Fiscal 2Q Earnings Snapshot

NEW YORK (AP) _ Yext Inc. (YEXT) on Thursday reported a loss of $29.3 million in its fiscal second quarter.

The New York-based company said it had a loss of 26 cents per share. Losses, adjusted for stock option expense, were 11 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share.

The software developer posted revenue of $72.4 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $71.6 million.

For the current quarter ending in November, Yext expects its results to range from a loss of 19 cents per share to a loss of 18 cents per share.

The company said it expects revenue in the range of $75.5 million to $76.5 million for the fiscal third quarter.

Yext expects full-year results to range from a loss of 43 cents per share to a loss of 41 cents per share, with revenue ranging from $299 million to $301 million.

Yext shares have increased 23% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $18.33, a fall of 31% 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