Key facts
- Yext's stock dropped 14% after reporting Q1 results.
- The company's earnings beat analyst expectations.
- Yext's revenue fell short of analyst forecasts.
- Yext announced an expansion of its share buyback program.
Yext's stock experienced a significant 14% decline following the release of its first-quarter financial results. While the company managed to exceed analyst expectations on earnings per share, its revenue for the quarter fell short of the consensus estimates. In addition to the financial results, Yext also announced an expansion of its existing share buyback program.