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Yext: Fiscal 3Q Earnings Snapshot

NEW YORK (AP) _ Yext Inc. (YEXT) on Thursday reported a loss of $42.7 million in its fiscal third quarter.

The New York-based company said it had a loss of 38 cents per share. Losses, adjusted for stock option expense, came to 19 cents per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.

The software developer posted revenue of $76.4 million in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $76.5 million.

For the current quarter ending in January, Yext expects its results to range from a loss of 15 cents per share to a loss of 13 cents per share.

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The company said it expects revenue in the range of $79 million to $81 million for the fiscal fourth quarter.

Yext expects full-year results to range from a loss of 51 cents per share to a loss of 49 cents per share, with revenue ranging from $296.5 million to $298.5 million.

Yext shares have climbed 12% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $16.61, a climb of 7% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on YEXT at https://www.zacks.com/ap/YEXT