Yext Inc (YEXT) Posts Narrowed Net Loss and Strong Non-GAAP Earnings in Q3 FY2024 [Yahoo! Finance]
Yext, Inc. (YEXT)
Last yext, inc. earnings: 3/3 04:15 pm
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Source: Yahoo! Finance
Non-GAAP net income per share rises to $0.09, compared to $0.02 in the same quarter last year. Adjusted EBITDA climbs to $13.5 million, reflecting a significant improvement from $7.1 million in Q3 FY2023. Company's balance sheet remains solid with $182.2 million in cash and cash equivalents. Warning! GuruFocus has detected 3 Warning Signs with YEXT. On December 5, 2023, Yext Inc ( NYSE:YEXT ) released its 8-K filing , announcing financial results for the third quarter of fiscal year 2024. The company reported a modest revenue increase and a significant improvement in non-GAAP profitability, highlighting its strategic focus on driving profitable growth in a challenging macroeconomic environment. Financial Performance Overview Yext Inc ( NYSE:YEXT ) achieved a revenue of $101.2 million in the third quarter, marking a 2% increase from the $99.3 million reported in the third quarter of fiscal 2023. The company's gross profit also saw a healthy rise, reaching $79.1 million, up
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News
- Yext (YEXT): Rethinking Valuation After This Year's Rebound in Growth and Profitability [Yahoo! Finance]Yahoo! Finance
- Yext (NYSE:YEXT) was upgraded by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from a "sell (d)" rating to a "hold (c-)" rating.MarketBeat
- Yext: Testing Investors' Patience As Churn Persists (Downgrade) [Seeking Alpha]Seeking Alpha
- Yext (NYSE:YEXT) was downgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=YEXT&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</a> from MarketBeat
- Yext (NYSE:YEXT) had its "sell (d)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat