NEW YORK – Yext, Inc. (NYSE: NYSE:YEXT) shares fell sharply, by 10.1% in after-hours buying and selling on Monday after the digital presence platform supplier reported combined third quarter outcomes and issued full-year income steering according to expectations.
The corporate posted adjusted earnings per share of $0.12 for the quarter ended October 31, lacking analyst estimates of $0.14. Nevertheless, income got here in at $114 million, surpassing the consensus forecast of $99.57 million and representing a 13% year-over-year enhance.
Yext attributed the income development to the mixing of Rumour Methods, which it acquired earlier this yr. The corporate’s whole annual recurring income rose 11% YoY to $441.8 million.
For the complete fiscal yr 2025, Yext expects income between $420.3 million and $420.8 million, according to Wall Avenue’s projection of $420.5 million.
“Our fiscal third quarter outcomes show our continued means to drive working efficiencies, make vital margin enhancements and generate bottom-line development,” stated Mike Walrath, Yext Chairman and CEO. “We’re happy with our progress in integrating Rumour Methods and have rolled out enhanced social capabilities to our mixed buyer base.”
The corporate reported a GAAP web lack of $12.8 million, or $0.10 per share, in comparison with a web lack of $0.5 million, or $0.00 per share, in the identical quarter final yr. Adjusted EBITDA got here in at $23.1 million.
Yext ended the quarter with $100.5 million in money and money equivalents.
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