06:20 AM EST, 03/07/2024 (MT Newswires) -- (Updates with the stock move in the headline and first paragraph.)

Yext's ( YEXT ) shares soared more than 18% in premarket activity Thursday after the company's earnings in fiscal Q4 doubled from a year earlier, and its earnings guidance for the full financial year handily beat market expectations.

The company reported fiscal Q4 non-GAAP net income late Wednesday of $0.10 per diluted share, up from $0.05 a year earlier.

Analysts polled by Capital IQ expected $0.07.

Revenue for the quarter ended Jan. 31 was $101.1 million, down from $101.9 million a year earlier.

Analysts surveyed by Capital IQ expected $100.6 million.

The company said it expects fiscal Q1 non-GAAP EPS of $0.04 to $0.05 and revenue of $96 million to $96.5 million. Analysts polled by Capital IQ expect $0.06 and $99.3 million, respectively.

The company said it expects fiscal 2025 non-GAAP net income between $0.30 to $0.31 and revenue of $400 million to $402 million. Analysts expect $0.27 and $408 million, respectively.

Price: 7.06, Change: +1.1, Percent Change: +18.46