YEXT - Why Yext Shares Are Diving Today? | Benzinga
Yext Inc (NYSE: YEXT) shares are trading lower by around 12% after it reported mixed Q2 FY24 earnings.
The company reported revenue growth of 2% Y/Y to $102.6 million, beating the consensus of $101.97 million. Revenue included a positive impact of around $0.4 million from foreign currency exchange rates on a constant currency basis.
As of July 31, 2023, ARR rose 3% Y/Y to $398 million. Adjusted EPS of $0.06 came in line with the consensus.
Gross profit increased 9% Y/Y to $80.2 million, with a margin of 78.2% vs. 73.2% a year ago.
Adjusted EBITDA of ...