Yext Inc.
YEXT,
-6.60%
shares dropped in the extended session Wednesday after the cloud-based software developer’s revenue outlook fell short of Wall Street expectations even as quarterly results topped them.
Yext shares dropped 15% after hours, following a 6.6% decline in the regular session to close at $16.55.
Yext forecast 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 of $375 million to $380 million for the year.
Analysts surveyed 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.
The company reported a fourth-quarter loss of $18.3 million, or 15 cents a share, compared with $30.6 million, or 27 cents a share, in the year-ago period.
Adjusted top-line results, which exclude stock-based compensation expenses and other items, were break-even a share, versus a loss of 12 cents a share in the year-ago period.
Revenue rose to $92.2 million from $81.4 million in the year-ago quarter. Analysts surveyed by FactSet had forecast a loss of 8 cents a share on revenue of $89.1 million.
