Investing.com - Yext reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Yext announced earnings per share of $-0.03 on revenue of $100.87M. Analysts polled by Investing.com anticipated EPS of $-0.0525 on revenue of $99.6M.
Yext shares are down 16% from the beginning of the year , still down 67.02% from its 52 week high of $13.13 set on Thursday, October 28, 2021. They are outperforming the Nasdaq which is down 24.63% year to date.
Yext follows other major Information Technology sector earnings this month
Yext's report follows an earnings beat by NVIDIA on Wednesday, August 24, 2022, who reported EPS of $0.51 on revenue of $6.7B, compared to forecasts EPS of $0.4991 on revenue of $6.7B.
Broadcom had beat expectations on Thursday, September 1, 2022 with third quarter EPS of $9.73 on revenue of $8.46B, compared to forecast for EPS of $9.56 on revenue of $8.41B.
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