Yext: Fiscal 3Q Earnings Snapshot
Posted December 3, 2020 4:22 pm.
Last Updated December 3, 2020 4:24 pm.
NEW YORK (AP) _ Yext Inc. (YEXT) on Thursday reported a loss of $22 million in its fiscal third quarter.
The New York-based company said it had a loss of 18 cents per share. Losses, adjusted for stock option expense, came to 2 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 8 cents per share.
The software developer posted revenue of $89.1 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $87.3 million.
For the current quarter ending in January, Yext expects its results to range from a loss of 10 cents per share to a loss of 8 cents per share.
The company said it expects revenue in the range of $87 million to $89 million for the fiscal fourth quarter.
Yext shares have climbed 34% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $19.30, a rise of 17% in the last 12 months.
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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
The Associated Press
