Yext shares are trading lower after the company reported worse-than-expected Q1 financial results, issued weak Q2 guidance and announced it will acquire Hearsay Systems.
Portfolio Pulse from Benzinga Newsdesk
Yext shares are trading lower following the release of disappointing Q1 financial results, weak Q2 guidance, and the announcement of its acquisition of Hearsay Systems.
June 10, 2024 | 8:23 pm
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Yext shares are trading lower due to worse-than-expected Q1 financial results, weak Q2 guidance, and the announcement of its acquisition of Hearsay Systems.
The combination of poor Q1 financial performance, weak guidance for Q2, and the announcement of an acquisition has led to a negative market reaction. Investors are likely concerned about the company's near-term financial health and the potential risks associated with the acquisition.
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IMPORTANCE 90
RELEVANCE 100