Shares of Yext Inc.
jumped by as much as 15% in the aftermarket Tuesday after the search and SEO-related digital platform beat Wall Street expectations for its fiscal 2024 first quarter and raised its revenue and profit guidance for the year. Yext said it lost $400,000, or breakeven on a per-share basis, compared with a loss of $25.8 million, or 20 cents a share, in the first quarter of fiscal 2023. Adjusted for one-time items, Yext earned 9 cents a share. Revenue rose 1% to $99.5 million.
jumped by as much as 15% in the aftermarket Tuesday after the search and SEO-related digital platform beat Wall Street expectations for its fiscal 2024 first quarter and raised its revenue and profit guidance for the year. Yext said it lost $400,000, or breakeven on a per-share basis, compared with a loss of $25.8 million, or 20 cents a share, in the first quarter of fiscal 2023. Adjusted for one-time items, Yext earned 9 cents a share. Revenue rose 1% to $99.5 million.