Yext Inc. shares fell more than 10% in after-hours trading Tuesday, after the software company’s executives projected slower revenue growth this year than...
Yext Inc.
shares fell more than 10% in after-hours trading Tuesday, after the software company’s executives projected slower revenue growth this year than Wall Street expected. Yext executives guided for fiscal-year revenue of $402 million to $406 million, while the average analyst estimate called for $417.6 million. Yext finished the just-completed fiscal year with annual sales of $400.9 million, the company reported Tuesday, up from $390.6 million a year earlier.
shares fell more than 10% in after-hours trading Tuesday, after the software company’s executives projected slower revenue growth this year than Wall Street expected. Yext executives guided for fiscal-year revenue of $402 million to $406 million, while the average analyst estimate called for $417.6 million. Yext finished the just-completed fiscal year with annual sales of $400.9 million, the company reported Tuesday, up from $390.6 million a year earlier.
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