Doximity: Q2 Earnings Insights
Portfolio Pulse from Benzinga Insights
Doximity (NYSE:DOCS) reported its Q2 earnings, beating estimated earnings by 22.22% with an EPS of $0.22 versus an estimate of $0.18. Revenue was up $11.43 million from the same period last year. Last quarter, the company beat on EPS by $0.04, which was followed by a 22.84% drop in the share price the next day.
November 09, 2023 | 9:05 pm
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Doximity's Q2 earnings beat estimates, with an EPS of $0.22, up 22.22% from estimates. However, last quarter's earnings beat was followed by a 22.84% drop in share price.
Doximity's earnings beat is a positive signal, but the stock's reaction to last quarter's earnings beat, a 22.84% drop, introduces uncertainty. Investors may be cautious due to this past volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100