NEW YORK (AP) _ Yext Inc. (YEXT) on Thursday reported a loss of $25.1 million in its fiscal second quarter.
On a per-share basis, the New York-based company said it had a loss of 21 cents. Losses, adjusted for stock option expense, were 7 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share.
The software developer posted revenue of $88.1 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $84.9 million.
For the current quarter ending in November, Yext expects its results to range from a loss of 9 cents per share to a loss of 7 cents per share.
The company said it expects revenue in the range of $86 million to $88 million for the fiscal third quarter.sonos sonos One (Gen 2) - Voice Controlled Smart Speaker with Amazon Alexa Built-in - Black read more
Yext shares have increased 22% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $17.53, an increase of nearly 7% in the last 12 months.
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
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