By Connor Hart

Shares of Yext hit a 52-week high after the company swung to a profit and logged higher revenue in its fiscal first quarter, while issuing an upbeat outlook for the remainder of the year.

The stock jumped 28% to $8.75 in morning trading on Wednesday, marking a slight retreat from its earlier high of $9.15. On pace for their largest percent increase in roughly two years, shares have surged 80% over the past year.

The New York search-software company after Tuesday's closing bell posted a profit of $770,000, or 1 cent a share, for its three months ended April 30, compared with a net loss of $3.8 million, or 3 cents a share, a year earlier.

Adjusted per-share earnings came in at 12 cents, just ahead of the 11 cents that analysts surveyed by FactSet expected.

Revenue increased 14% to $109.5 million, driven by the integration of Hearsay Systems, a social application for the financial-services and insurance industries that Yext acquired last year. Analysts modeled sales of $107.6 million.

Chief Executive Michael Walrath said results from the recent quarter reflect demand for solutions that help brands manage and activate their digital presence at scale. Looking forward, he said remains confident in the company's strategy and encouraged by the accelerating adoption of its platform.

For the current quarter, Yext guided for adjusted per-share earnings of 12 cents to 13 cents on revenue of $111 million to $111.5 million. Analysts were looking for adjusted earnings of 12 cents a share on revenue of $109.7 million.

For its fiscal year ending January 31, the company now expects adjusted per-share earnings of 52 cents to 54 cents, up from a prior outlook of 50 cents to 53 cents. It also raised its adjusted Ebitda--or earnings before interest, taxes, depreciation and amortization--outlook to between $103 million and $105 million from between $100 million and $103 million.

Wall Street expects adjusted earnings of 51 cents a share for the year, as well as adjusted Ebitda of $101.2 million.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

June 04, 2025 11:55 ET (15:55 GMT)

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