Yext Inc. YEXT,
Shares fell in Wednesday’s extended session after the cloud-based software developer’s revenue outlook fell short of Wall Street’s eyes even as quarterly yields outpaced them.
Yext shares fell 15% after hours, following a 6.6% decline in the regular session to close at $ 16.55.
Yext was forecasting an adjusted loss of 7 cents to 5 cents a share on revenue of $ 87 million to $ 89 million for the first quarter, and a loss of 22 cents to 17 cents a share on revenue. income of $ 375 million to $ 380 million for the year.
Analysts conducted by FactSet had estimated a loss of 6 cents a share on revenue of $ 93.9 million for the first quarter, and a loss of 17 cents a share on revenue of $ 411 million for the year. year.
The company reported a fourth-quarter loss of $ 18.3 million, or 15 cents in a share, compared to $ 30.6 million, or 27 cents in a share, in the previous year.
Improved mainline results, which include compensation costs based on stock and other items, were a fair share, against a loss of 12 cents in the previous year’s segment.
Revenue rose to $ 92.2 million from $ 81.4 million in the fourth year ago. Analysts conducted by FactSet had forecast a loss of 8 cents a share on revenue of $ 89.1 million.