$Yext Inc (YEXT.US)$ shares were trading more than 10% lower after the bell Monday after the company reported quarterly earnings of $0.12 per share which met the analyst consensus estimate, reported Benzinga.

The company reported quarterly sales of $114 million, surpassing the analyst consensus estimate of $113.2 million by 0.7%. However, adjusted earnings per share for the quarter ended October 31 came in at $0.12, falling short of the $0.14 expected by analysts.

“Our fiscal third quarter results demonstrate our continued ability to drive operating efficiencies, make significant margin improvements and generate bottom-line growth,” said Mike Walrath, Yext Chairman and CEO.

“We are pleased with our progress in integrating Hearsay Systems and have rolled out enhanced social capabilities to our combined customer base. We are seeing increased interest in our platform in a rapidly evolving environment where fragmented search and generative AI are increasingly top of mind, and we remain confident that our overall top-line growth will accelerate over the long term as we help our customers navigate the complexity of this environment.”

The full-year outlook has been revised to project revenue between $420.3 million and $420.8 million, with adjusted EBITDA expected to range from $67.0 million to $67.5 million.