Yext soars after raising FY forecast, upbeat Q1 results
07/06/2023 10:43
** Shares of marketing software maker Yext Inc YEXT.N rise
18% to $11.33 premarket
** Company raises fiscal 2024 revenue forecast 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 revenue between $101.5 mln
and $102.5 mln and adj. EPS between $0.06 and $0.07
** Company posted higher revenue and adj. net income vs
year-ago loss in Q1
** Up to last close, stock up 47.01% YTD
(Reporting by Ashwini Raj in Bengaluru)
((Ashwini.Raj@thomsonreuters.com))