04:59 PM EDT, 06/10/2024 (MT Newswires) -- Yext ( YEXT ) reported fiscal Q1 non-GAAP earnings late Monday of $0.05 per diluted share, down from $0.08 a year earlier.

Four analysts polled by Capital IQ expected EPS of $0.06.

Revenue in the quarter ended April 30 fell to $96 million from $99.5 million a year earlier. Four analysts surveyed by Capital IQ expected $96.3 million.

The company expects fiscal Q2 non-GAAP net income per share of $0.02 to $0.03 on revenue of $98 million to $98.4 million. Four analysts in a Capital IQ poll forecast EPS of $0.09 and revenue of $98.4 million.

In fiscal 2025, the company expects non-GAAP EPS of $0.35 to $0.36 on revenue of $394 million to $396 million. Four analysts expect EPS of $0.35 and revenue of $400.3 million.

Additionally, Yext ( YEXT ) agreed to buy Hearsay Systems, a digital client engagement platform for financial services, for $125 million and up to an additional $95 million if certain performance targets are achieved.

Yext ( YEXT ) announced a restructuring affecting 12% of full-time employees and expects to incur about $5 million in Q2 costs.

Shares of Yext ( YEXT ) tumbled 13% in recent after-hours activity.

Price: 4.40, Change: -0.64, Percent Change: -12.69