Yext hits over 1-1/2 yr high after upbeat Q1 results, FY forecast raise

Yext

07/06/2023 15:25

(Updates)
    ** Shares of marketing software maker Yext Inc  YEXT.N  hit
over 1-1/2 yr high, last up 33.96% at $12.83
    ** Co raises 2024 rev to $404 mln-$407 mln from its prior
projection of $402 mln-$406 mln; expects adj. EPS to be in the
range of $0.28-$0.29 vs $0.22-$0.23 forecast earlier
    ** For Q2, YEXT expects to report rev between $101.5 mln and
$102.5 mln and adj. EPS between $0.06 and $0.07
    ** Co reports Q1 EPS of $0.09, above est. of $0.05; Q1 rev
of $99.4 mln also beats est. of $98.6 mln - Refinitiv data
    ** YEXT stock up ~95% YTD

 (Reporting by Rupali Chaudhary in Bengaluru)
 ((Rupali.chaudhary@thomsonreuters.com))