Yext Inc.'s stock plummeted 13.15% in the pre-market session on Tuesday as the search-software company provided lower-than-expected guidance for the upcoming quarter.
The company forecasted revenue between $112.4 million and $112.9 million for its fiscal fourth quarter, as well as adjusted earnings per share between $0.12 and $0.13. These projections fell short of Wall Street analysts' expectations of $113.5 million in revenue and $0.14 in adjusted earnings per share.
The disappointing guidance overshadowed Yext's in-line results for the recent quarter, where it reported revenue and adjusted earnings that matched analyst estimates.
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