TECH - Yext Stock Falls On Q1 Results Acquisition Of Hearsay Systems: The Details | Benzinga
Yext, Inc. (NYSE:YEXT) shares are falling after the company announced it will acquire Hearsay Systems and reported its first-quarter financial results Monday.
Here's a look at the key figures from the report.
The Details: Yext reported quarterly earnings of 5 cents per share which missed the analyst consensus estimate of 6 cents by 16.67%.
Quarterly sales came in at $96 million which missed the analyst consensus estimate of $96.325 million and is a 3.47% decrease from sales of $99.453 million from the same period last year.
“Our results were within the ranges we set forward in our guidance, with revenue of $96 million, Adjusted EBITDA of $9.6 million and ...