By Kelly Cloonan
Shares of Yext fell after the company's first-quarter revenue declined, coming in short of analysts' estimates.
The stock slid 16% to $3.55 in after-hours trading on Tuesday. Through market close, shares have declined 48% year to date.
The agentic marketing company recorded revenue of $107.9 million in the fiscal first quarter, down from $109.5 million in the year-ago period and missing analyst estimates of $112.1 million, according to FactSet.
Fiscal first-quarter profit came in at $2.6 million, or 2 cents a share, compared with $770,000, or 1 cent a share, a year earlier.
Adjusted earnings per share were 14 cents, compared with analyst estimates of 13 cents a share.
The company said it believes it is well positioned for the rise of artificial intelligence as technology consumption expands beyond human users to autonomous agents.
"We believe the opportunity for Yext has never been greater," Chief Executive Michael Walrath said.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
June 02, 2026 17:21 ET (21:21 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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