Why Yext Stock Was Triumphant on Thursday [Yahoo! Finance]
Yext, Inc. (YEXT)
Last yext, inc. earnings: 3/3 04:15 pm
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Source: Yahoo! Finance
Its share price ended the session almost 13% higher thanks to a quarterly earnings report that featured better-than-expected numbers. That performance was in marked contrast to the trajectory of the S&P 500 index, which closed 0.3% lower. A solid bottom-line beat Yext published its results for the second quarter of its fiscal 2025 after the closing bell on Wednesday. For the period that ended July 31, the specialized tech company earned revenues of $97.9 million. That was down from more than $102 million in the same quarter of its fiscal 2024. Non- GAAP (adjusted) net income also declined, slipping to less than $6.8 million from $8.1 million in the year-ago period. Adjusted net income came in at $0.05 per share. This meant a mixed quarter for Yext. While its revenue didn't quite hit analysts' average estimate of $98.1 million, its bottom-line result topped the $0.03 per share consensus projection. In its earnings release, the company said it would continue trying to exploit
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