Yext Stock Falls On Q1 Results, Acquisition Of Hearsay Systems: The Details
Portfolio Pulse from Erica Kollmann
Yext, Inc. (NYSE:YEXT) shares fell after the company reported Q1 earnings that missed analyst estimates and announced the acquisition of Hearsay Systems. Yext reported earnings of 5 cents per share, missing the 6 cents estimate, and sales of $96 million, slightly below the $96.325 million estimate. The company also provided a mixed outlook for Q2 and fiscal year 2025.
June 10, 2024 | 8:35 pm
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Yext's Q1 earnings missed analyst estimates, and the company announced the acquisition of Hearsay Systems. The stock fell 12.70% after-hours. The mixed outlook for Q2 and fiscal year 2025 may continue to pressure the stock in the short term.
Yext's Q1 earnings and revenue missed analyst estimates, leading to a significant drop in the stock price. The acquisition of Hearsay Systems and a mixed outlook for Q2 and FY 2025 add to the uncertainty, likely causing further short-term pressure on the stock.
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