DocuSign Q1 Adj $0.72 Beats $0.56 Estimate, Sales $661.39M Beat $641.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
DocuSign reported Q1 earnings of $0.72 per share, beating the analyst consensus estimate of $0.56 by 28.57%. Quarterly sales were $661.39M, surpassing the estimate of $641.80M by 3.05%. Both earnings and sales increased compared to the same period last year.
June 08, 2023 | 8:07 pm
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POSITIVE IMPACT
DocuSign's Q1 earnings and sales exceeded analyst estimates, with earnings up 89.47% YoY and sales up 12.35% YoY.
DocuSign's Q1 earnings and sales both beat analyst estimates, with significant YoY increases. This positive financial performance is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100